DIGITALIZATION IN BUDGETING: HOW TECHNOLOGIES ARE CHANGING FINANCIAL PLANNING

Introduction. In today's world, information technologies are fundamentally changing approaches to financial management. Technologies such as process automation, artificial intelligence, big data analytics, and blockchain are becoming integral parts of financial planning and budgeting. This ensures more accurate forecasting, efficient resource management, and increased transparency in financial operations. The implementation of digital technologies in budgeting allows organizations to quickly adapt to market changes, respond promptly to economic challenges, and reduce risks associated with financial planning. Additionally, digitalization contributes to process optimization and cost reduction, which is particularly important in conditions of intense competition and economic instability. Considering these factors, the topic of digitalization in budgeting is extremely important and relevant for modern organizations that aim to manage their finances effectively and ensure sustainable development in the long term. Methods. Methods of systematic analysis, comparative analysis, and empirical research were used in the study. Data collection was conducted through the analysis of scientific publications, statistical data, and surveys of experts in finance and digital technologies. Results. The research established that the digitalization of budgeting processes contributes to improving the accuracy of forecasting, reducing the time and resources required for data processing, and enhancing control over budget execution. It was found that the use of digital platforms helps to reduce corruption risks and improve the transparency of financial operations. Recommendations were developed for the optimal implementation of digital technologies in budgeting processes for different levels of management. Discussion. This study provides practical recommendations for public and private organizations on the implementation of digital tools in budgeting, which will contribute to enhancing the efficiency of financial management. The proposed methods and approaches can be used for further research and improvement of financial planning processes in various sectors of the economy.