TECHNOLOGIES FOR MANAGING THE FINANCIAL SUPPORT OF LOCAL GOVERNMENT AUTHORITIES AT THE BASIC LEVEL UNDER CONDITIONS OF CHALLENGES AND UNCERTAINTY

Modern challenges such as economic instability, military actions, and pandemics significantly complicate the management of financial support for local government authorities (LGAs). The implementation of advanced financial management technologies is critically important for ensuring the resilience and efficiency of local governance. In an environment of constant change and uncertainty, local government authorities face the challenge of effectively managing their financial resources. The lack of modern tools to enhance transparency, accountability, and adaptability complicates financial management and diminishes citizens’ trust. These issues have become particularly pressing under martial law, where LGA financial resources must be utilized with maximum efficiency to respond promptly to new challenges. The aim is to deepen the theoretical foundations regarding technologies for managing the financial support of local government authorities and to develop recommendations for their implementation in the financial management of LGAs, enhancing decision-making efficiency amid challenges and uncertainty. The research employs methods of analysis, synthesis, a systems approach, and expert assessments, providing a comprehensive review of the impact of technologies on the financial support of local governance. The study found that the introduction of advanced technologies such as e-governance, blockchain, information systems, and artificial intelligence is an effective means of increasing the transparency, efficiency, and resilience of financial management in LGAs, significantly improving these indicators. Conditions of uncertainty necessitate the implementation of advanced technologies for managing the financial support of LGA responsibilities. The introduction of innovative financial management technologies enhances the efficiency of fulfilling local government responsibilities and contributes to the sustainable development of communities in uncertain environments.

Authors

Publication Details

Journal
Scientific Notes of Ostroh Academy National University Series Economics
Published
2024-09-26
DOI
https://doi.org/10.25264/2311-5149-2024-34(62)-84-98
Citations
1
Primary Topic
Legal and Policy Issues
Type
article
Field-Weighted Citation Impact
4.07
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article

TECHNOLOGIES FOR MANAGING THE FINANCIAL SUPPORT OF LOCAL GOVERNMENT AUTHORITIES AT THE BASIC LEVEL UNDER CONDITIONS OF CHALLENGES AND UNCERTAINTY

Ihor Onyshchuk
1 citations
Scientific Notes of Ostroh Academy National University Series Economics
Legal and Policy Issues
4.07
article

TECHNOLOGIES FOR MANAGING THE FINANCIAL SUPPORT OF LOCAL GOVERNMENT AUTHORITIES AT THE BASIC LEVEL UNDER CONDITIONS OF CHALLENGES AND UNCERTAINTY

Ihor Onyshchuk
article en
1 citations

Abstract

Modern challenges such as economic instability, military actions, and pandemics significantly complicate the management of financial support for local government authorities (LGAs). The implementation of advanced financial management technologies is critically important for ensuring the resilience and efficiency of local governance. In an environment of constant change and uncertainty, local government authorities face the challenge of effectively managing their financial resources. The lack of modern tools to enhance transparency, accountability, and adaptability complicates financial management and diminishes citizens’ trust. These issues have become particularly pressing under martial law, where LGA financial resources must be utilized with maximum efficiency to respond promptly to new challenges. The aim is to deepen the theoretical foundations regarding technologies for managing the financial support of local government authorities and to develop recommendations for their implementation in the financial management of LGAs, enhancing decision-making efficiency amid challenges and uncertainty. The research employs methods of analysis, synthesis, a systems approach, and expert assessments, providing a comprehensive review of the impact of technologies on the financial support of local governance. The study found that the introduction of advanced technologies such as e-governance, blockchain, information systems, and artificial intelligence is an effective means of increasing the transparency, efficiency, and resilience of financial management in LGAs, significantly improving these indicators. Conditions of uncertainty necessitate the implementation of advanced technologies for managing the financial support of LGA responsibilities. The introduction of innovative financial management technologies enhances the efficiency of fulfilling local government responsibilities and contributes to the sustainable development of communities in uncertain environments.

Scientific Notes of Ostroh Academy National University Series EconomicsVol. 1(34(62))
Openalex Percentile: Top 5%
Legal and Policy Issues
4.07
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