IMPROVING THE EFFICIENCY OF PUBLIC ADMINISTRATION OF FINANCING THE DEVELOPMENT OF TERRITORIAL COMMUNITIES

Abstract

This paper examines proposals for improving the efficiency of public management of financing for the development of territorial communities. The article identifies that in practice there are a number of problems that complicate the process of financing the development of territorial communities, including insufficient transparency in the distribution of budget funds, limited financial resources, low efficiency of investment attraction mechanisms, weak coordination between state and local authorities, as well as imperfect legal regulation in the field of financial decentralization. Therefore, research into issues of improving the efficiency of public management of financing for the development of territorial communities is extremely important.The purpose of the article is to study the features of public management of financing for the development of territorial communities and to substantiate proposals for improving its efficiency in modern conditions.The article identifies that the management of financing for the development of territorial communities is one of the key aspects of ensuring their sustainable economic growth and social well-being. It is emphasized that the effectiveness of this process largely depends on the implementation of modern public management mechanisms, the involvement of innovative financial instruments and the rational use of budget funds. It is emphasized that the budget of a territorial community is a key tool for financial planning and implementation of local programs. The main models of financing the development of territorial communities in developed countries are considered. The main directions of using financial management tools in the context of increasing the efficiency of public management of financing the development of territorial communities are substantiated.The results of the study showed that increasing the efficiency of public management of financing the development of territorial communities is an important task for ensuring their sustainable development. Optimization of budget planning, diversification of funding sources, use of modern financial instruments and intermunicipal cooperation are key areas for improving the financial policy of local self-government. The implementation of these measures will contribute to increasing the financial capacity of communities and the implementation of strategic programs for their development.