obligation to ensure the opportunity for citizens 
to  participate  in  public administration,  on  the 
one hand, and the citizens' right to obtain real 
information about public administration, on the 
other hand; the social principle of enforcement 
of  human  rights  and  freedoms  as  a  social 
orientation of the management of state property 
for the possibility of meeting public needs; 
  the  principle  of  responsibility  as  the 
inevitability  of  liability  for  illegal  actions  and 
inaction. 
5  CONCLUSIONS 
The  essence  of  state  ownership  is  best  explained 
through  the  functions  of  the  state:  leveling  the 
economic cycle and supporting employment; creation 
and financing of industries to accelerate the process 
of  economic  reproduction;  creation  of  parity  in 
economic  legal  relations  between  the  subjects  of 
ownership; ensuring national security. 
In  the  process  of  managing  state  property,  it 
becomes  necessary  to  adjust  the  main  goals  and 
objectives,  functions  and  methods  of  property 
management  (Gribanova,  2017),  to  create  a 
management mechanism (Komarinska et  al.,  2020), 
which  is  understood  as  a  set  of  forms,  means, 
methods,  tools,  legal,  organizational,  administrative 
and other impacts of the subject of management on 
the development of the object of management - state 
property (Batchurinskaya. 2019). 
The question of the efficiency of the use of state 
property remains open. Foreign scientists are actively 
discussing approaches to increasing the profitability 
of  the  functioning  of  state  property  objects 
(Сhereyeva et al., 2019).  
From the point of view of the property owner, the 
main  goal  is  to  obtain  benefits  from  the  use  of  the 
property. However,  in  contrast to  it,  state  economic 
agents are focused primarily not on obtaining possible 
benefit (profit), but on the implementation  of  social 
or defense tasks (Feoktistov et al., 2016). In this case, 
the  issue  of  the  methodological  justification  of 
assessing the  efficiency of  the use of  state property 
remains unsolved. 
REFERENCES 
Abdallah,  A.A.  (2017).  Corporate  Governance  Practices, 
Ownership Structure, and Corporate Performance in the 
GCC  Countries.  Journal of International Financial 
Markets, Institutions and Money, pages 98-115. 
Batchurinskaya, I.A. (2019). Management of state property 
as  a  state  function  and  the  basis  of  innovative 
development.  Theory and practice of management of 
state functions and services. Tariff regulation. 
Collection of scientific papers on the results of the II 
national scientific and practical conference. Edited by 
I.V. Fedoseeva.Saint Petersburg State University of 
Economics, pages 17-21. 
Bogdan, N.I. Management of the intellectual potential of the 
region in the context of the transition to the knowledge 
economy, 214. Novopolotchk: PGU. 
Butibaev,  E.A.  and  Hamzina  G.A.  (2016).  State  Property 
Management. Interactive Science, 9: 89-93. 
Civil Code of the Russian Federation. Part 1 of November 
30 1994. https://fzrf.su/kodeks/gk-1/ 
Сhereyeva, B.T., Malyarenko, O.I., Mayer, O.I., Abayeva, 
G.L.  and  Ostryanina,  T.K.  (2019).  Analysis  of  state 
ownership  realization  process  on  the  example  of 
Kazakhstan. Journal of Advanced Research in Law and 
Economics, 4(42): 1013-1021.  
Dementiev,  V.E.  and  Ustyuzhanina,  E.V.  (2016).  The 
problem  of  power:  institutional  approach.  Journal of 
institutional studies, 8(3): 91-101. 
Feoktistov,  A.  V.,  Lysenko,  I.  M.  and  Shishova,  M.N. 
(2016).  Actual  problems  of  institute  of  the  right  of 
ownershipin  the  Russian  Federation.  Electronic 
scientific journal«Science. Society. State», 4(2).   
Gribanova,  O.M.  (2017).  The  concept  of  state  property 
management:  assessment  and  development  prospects. 
Bulletin of the Institute of Economics of the Russian 
Academy of Sciences, 4: 90-94. 
Kochetkova,  C.A.  (2016).  Experience  in  implementing  a 
regulatory impact assessment system in the constituent 
entities of the Russian Federation. International Journal 
of Applied and Basic Research, 11-6: 1154-1157. 
Komarinska, Y., Kryshevych, O., Linnyk, N. and  Karelin, 
V.  (2020).  Public-private  partnership  as  an  effective 
mechanism  for  attracting  private  unvestment  in 
achieving the aims the socio-economic development of 
Ukraine.  Problems and perspectives in management, 
17(4): 469-479. 
Kryuchkova, P. V.  and  Avdasheva, S. B.  (2015).  The 
‘reactive’ model of antitrust enforcement: When private 
interests dictate enforcement actions – the russian case. 
International Review of Law and Economics, 43: 200–
208.  
Morozova,  L.A.  (2018).  Selected articles: collection of 
articles. Department of Theory of Law, State and 
Judicial Power, Russian State University of Justice. 
Peng,  M.W.,  Bruton,  G.D.,  Stan,  C.V.  and  Huang,  Y.  
(2016). Theories of the (state-qwned) firm. Asia Pacific 
Journal of Management, 33(2): 293-317. 
Pronina, S.V. and Gogin, A.O. (2018). Ways to improve the 
management of sports facilities in Russia: problems and 
prospects. Economics and Entrepreneurship, 9(98): 545-
549. 
Pronina, S.V. and Sobinov, A.D. (2015). Competitiveness of 
machine-building  enterprises  in  Russia:  problems, 
analysis,  prospects.  Proceedings of the conference: 
Experience and problems of reforming the management 
system at a modern enterprise: tactics and strategy, 
pages 83-87. 
Operational Approaches to the Management of State Property in the Context of Sustainable Regional Development