STREAMLINING MANAGEMENT SOLUTIONS FOR ECONOMIC, EFFECTIVE AND EFFICIENT SPENDING OF RESOURCES FOR SECURITY AND DEFENSE

Venelin Terziev¹ and Nikolay Nichev^2
1Professor, Ph.D., D.Sc. (National Security), D.Sc. (Ec.), University of Rousse, Rousse, Bulgaria; National Military University, Veliko Tarnovo, Bulgaria; University of Telecommunications and Post, Sofia, Bulgaria, terziev@skmat.com
²Colonel Associate Professor, Ph.D., National Military University, Veliko Tarnovo, Bulgaria, nicheff@gmail.com

Abstract
The paper makes analyses of the role of financial provision in the strategic management of the resources in the security and defense system of the Republic of Bulgaria as a country part of the EU and NATO. The main thesis is that the management of defense and security system should be treated as an economic activity, i.e. in accordance with the principles of the market orientation and effectiveness. The issues of effectiveness and efficiency are scrutinized in the context of financial management and the use of resources in the whole system. Main conclusions focus on the need of assuring security and defense as a public good by new operational capabilities adequate to the dynamically changing environment.

Keywords: financial provision, defense capabilities, resources management