Digitalization in the Sphere of Local Finance of Ukraine as a Mechanism of Democratization of Public Administration

Abstract

This research revealed the essence of digitalization in the field of local finances of Ukraine as a mechanism for the democratization of public administration and determined the features of its practical support. The research was carried out with the help of modern theoretical and cognitive methods, the dialectics of the processes of state administration and local self-government under the conditions of financial decentralization and digitalization. The purpose of the conducted research is the scientific and theoretical justification of the development of digitalization in the field of local finances of Ukraine as a mechanism for the democratization of public administration and the development of practical recommendations for their improvement. Practical implication. The main aspects of the development of digitalization and the expansion of access of the territorial community to the process of managing local finances in the conditions of decentralization of power have been studied. The current state of digitization of local finance management is analyzed from the point of view of filling electronic platforms and programs with hardware capabilities. The directions and necessary conditions for improving the efficiency of local finance management by all members of the territorial community using the digitization mechanism have been determined. Value/originality. Developed the mechanism of financial decentralization using digitization tools, which is accompanied by appropriate software and hardware, characterized by the complex application of modern information and communication technologies, which significantly increases the efficiency and effectiveness of the implementation of local financial programs, the quality of control over expenses, the filling of local budgets. It was concluded that the digitization mechanism in the field of local finances introduces an important trend – the transition from public control to public initiative. The expansion of forms of electronic democracy with the help of technological capabilities significantly expands the community’s access to public administration services in real time, which increases the rationality of using local financial resources. By its content, this is a way of practical implementation of participatory democracy in Ukraine.