Grants as a Source of Funding and a Tool for Financial Security in the Healthcare Sector

The article is dedicated to revealing the theoretical foundations of grants and substantiating their role in the financial provision of healthcare. The generalization of scientific views indicated the existence of two key approaches to understanding grants, based on the principle of goal-setting, according to which there is a close correspondence between the volume of allocated financial resources and the understanding of the final results of their use. The defining features of grants are characterized, namely their targeted purpose, irreversibility, and gratuitousness, as well as emphasizing the peculiarities of grant financing, which imply a high level of competition for obtaining grants and constant control by the grantor over the effective use of grant funds. It is substantiated that as a tool for materializing financial relations, grants are involved in the implementation of the distributive and control functions of finance. In addition to adhering to time, cost, and other constraints, the involvement of grants also entails procedures for justifying the uniqueness of the project, demonstrating the recipient’s capacity to implement it, co-participation, and validation. This creates the prerequisites for a high level of efficiency in the use of grant funds and is undoubtedly an advantage of grants compared to other forms of financing development needs. It is substantiated that although the significance of grant financing in the financial provision of healthcare in the post-war period may be overestimated by the scientific community and expert circles, grants possess significant potential as a source of funding for development projects and ensuring the financial security of the social sphere, particularly healthcare. The prospects of utilizing grants to enhance accessibility and improve the quality of medical services, stimulate the development of medical innovations, ensure the financial sustainability of medical institutions, and restore the healthcare infrastructure damaged by hostilities are particularly significant.