MODERN DIGITAL TOOLS FOR INCREASING THE TRANSPARENCY AND EFFICIENCY OF USING PUBLIC FUNDS

Abstract

The article is devoted to the problems of increasing the transparency of the processes of using public funds by means of modern digital tools. During financial decentralization in Ukraine, a model of financial provision of local budgets and inter-budget relations was created, which fundamentally changed the country’s budget system. Therefore, there is a saturation of management processes with digital tools that ensure the speed and efficiency of management decisions in the field of finance. It is indicated that until 2015, the norms regarding public access and information openness regarding the use of public funds were of a fragmented and non-systemic nature, which caused significant risks of distortion of citizens’ rights to information and the constitutional right to exercise power. That is why a number of regulatory and legal documents were developed and adopted, among which are: Law of Ukraine "On Open Use of Public Funds"; Sustainable Development Strategy "Ukraine – 2020" and the Strategy for Reforming the Public Administration of Ukraine for 2016–2020; State Finance Management Strategy for 2021–2025 and Strategy for Digitization of the State Finance Management System. Based on the norms of these documents, the Unified web portal for the use of public funds was created, which is an official state information resource on the Internet, where information is published in the form of open data. Its development was the information and analytical system "Transparent Budget". This system includes a large number of digital tools (modules and widgets) that are designed to inform a wide range of the public about the financial and budget policy of Ukraine in an accessible form. The conclusion states that the introduction of digital platforms and tools for working with financial data at the state and local levels has shown its effectiveness in the conditions of the military aggression of the Russian Federation against Ukraine and continues to serve as the basis for the functioning of the entire budgetary and financial system of our state. And in the future, it will bring the relationship between public authorities and citizens to a new level.