THE INFLUENCE OF THE INSTITUTION OF VALUES ON THE ARCHITECTURE EVOLUTION OF THE FINANCIAL MODEL OF THE SOCIAL SPHERE DEVELOPMENT

Objective: The objective of this study is the axiological fundamentals of the system of financing for the social sphere, and the mechanism of the influence of value targets on the system transformation. To substantiate the methodological expediency of the use of an axiological approach and of the institution of values while determining the transformation directions of the system of financing for the social sphere. Theoretical Framework: The theoretical basis of the research was formed by the scientific works of leading domestic and foreign scientists on the considered research problem. Method: The following methods were used: system analysis, synthesis, comparison, correlation and regression analysis, design of integrated taxonometry indices. Results and Discussion: The expediency of the use of an axiological approach in the scope of the conception of programme-target financing for the social sphere is substantiated and proved. Conclusion: The implementation of an axiological approach to the transformation of the system of financing for the social sphere will make a definite contribution to the increase in the growth rates of the social effect. The results of the correlation and regression analysis can be used by regional authorities while correcting the social policy. It will let realize the financial potential in the most effective way through emphasizing influence on marked points of growth. Originality/Value: This research contributes to the literature devoted to the problems of social development within the framework of sustainable development of the state.