Financial mechanism features in sports

This article examines the concept of a financial mechanism as a key element of the economic system. Definitions of authors who have studied the financial mechanism are provided. The dual nature of the financial mechanism is determined. An analysis of its structure is carried out, which includes relations in the form of legal and regulatory support and elements in the form of financial methods and instruments. The purpose and goal of the financial mechanism are defined. A definition of the mechanism of funding as a component of the financial mechanism is given. An attempt is made to show the difference between the financial mechanism and the mechanism of funding. The concepts of the financial mechanism and the mechanism of funding are established in relation to physical education and sports. Elements of the mechanism of funding in a sports organization are disclosed. An analysis of data on sports expenditures from 2018 to 2024 is presented. It is revealed that in the Russian Federation, sports are still mainly financed from budgetary sources, although the share of extra-budgetary funds has increased significantly by 2024. Priority in funding is given to professional and elite sports, rather than mass and amateur sports. The article emphasizes the importance of understanding the essence of the financial mechanism to improve the competitiveness of sports enterprises.