BUDGET SECURITY IN CONDITIONS OF THE REFORM OF THE STATE FINANCIAL MANAGEMENT SYSTEM IN UKRAINE: CHALLENGES AND ANTICIPATES
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Abstract
The article is devoted to the study of the implementation of the reform of public finance management in the field of treasury service budget funds in order to cover the main threats in the budget system at the current stage of reform, as well as finding effective ways to overcome them.
The directions of raising the level of budgetary security as a component of financial security of the state by estimating the quality of informational support of the treasury service of budget funds in the conditions of reforming the system of public finance management are substantiated. The present state of the budget system of Ukraine under the influence of destructive external and internal challenges and the results of the implementation of the Strategy for the reform of the public finance management system for 2017-2020 have been obtained.
Particular attention is paid to the Strategy for the modernization of the accounting and financial reporting system in the state sector by 2025. According to the results of the survey of leading specialists of the State University of Social Science and Design in Kharkiv region, SWOT-analysis of the current stage of accounting reform and assessment of its perspectives have been carried out on the example of the sphere of treasury service of budget funds. The discrepancy between the declared provisions and the real state of accounting reform in the public sector was revealed. Public finance reform in Ukraine is slowly moving, due to the lack of an integrated approach to reforming with the proper coordination and interconnection of the objectives of reforms across the various components of the public finance management system (planning, accounting, control, etc.), the inconsistency of their result. In the conditions of limited financial resources and high debt dependence, the priority direction of the fiscal policy of the state should be concentration on the innovation development of information technologies, digitalization of the economy.
Based on the study of the problems in the information provision of public finance management and the assessment of budgetary security, we conclude that there is a need for an integrated and systematic approach to public sector reform with the introduction of modern information technologies.
Keywords: public finances, public finance management, accounting in the public sector, budget security, information security, public finance management, modern information technologies
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