THE ROLE OF THE TREASURY IN ENSURING EFFECTIVE MANAGEMENT OF LOCAL FINANCES

Introduction. The Treasury is a key element of the financial system that ensures effective management of public finances by performing payment, accounting, control and information functions for the stability and transparency of the budget.The main task of the Treasury is to provide cash services to budgets of all levels, including monitoring of revenues and control over the use of budget funds. This helps to maintain financial discipline, prevent misuse of resources, and facilitate the efficient fulfillment of state and local financial obligations. All of this contributes to improving the efficiency of budget management and strengthening confidence in the state's financial system. Methods. The theoretical and methodological basis of the article is the fundamental provisions of modern economic science, as well as scientific works of scientists and practitioners. A set of general scientific and special methods was used in the course of the study. The general scientific methods include systemic, structural and functional analysis, which allow for a comprehensive assessment of the peculiarities of financial management. Among the special methods used were: induction and deduction - at the stage of collecting and analysing primary data; comparative method - to assess the dynamics of budget revenues; abstract and logical method - in the process of formulating conclusions; descriptive and analytical method - for a comprehensive analysis of the processes under study; graphical method - to visualize the analysis of the balances of funds in the Single Treasury Account and the dynamics of consolidated budget revenues. Results. The key elements of treasury services for the state budget were identified. It was assumed that treasury services for local budget expenditures are not only an important tool for ensuring the efficiency of the budget process, but also a key mechanism for maintaining financial stability at the local level. An understanding of the practical functioning of the Single Treasury Account in Ukraine was outlined. The author analysed the trends in the movement of balances on the Single Treasury Account. The overall dynamics of consolidated budget revenues in general and by individual items was estimated. Discussion. The current challenges of the treasury were substantiated and ways to solve them in the context of ensuring effective management of local finances were proposed. Further research should be aimed at improving the treasury service of local budgets through digitalization, automation of financial operations and strengthening of control over the use of budget funds. It is also important to analyse the impact of financial decentralization on the effectiveness of local finance management and development of territorial communities. Keywords: treasury, treasury account, local finance, local budgets, budget revenues and expenditures.