Keywords
financial security
sustainable development
decentralization
financial autonomy
war
digitalization
How to Cite
Abstract
The article examines the current economic problems of financial support for the development of territorial communities in Ukraine. The relevance of the study is determined by the need to effectively ensure the financial development of territorial communities of Ukraine in conditions of decentralization. Modern economic challenges, such as uneven distribution of financial resources, dependence on state subsidies, limited investment opportunities, require new approaches to the formation of the financial strategy of communities. A successful solution to this problem is extremely important for increasing the financial autonomy of communities, ensuring their sustainable development and socio-economic stability in the conditions of modern changes and challenges. An analysis of the main challenges affecting the effectiveness of the formation and use of financial resources of communities in the context of decentralization was carried out. Special attention was paid to the problems of uneven income distribution, insufficient level of own revenues and dependence on inter-budgetary transfers. The key factors hindering the financial autonomy of communities have been identified, including the imperfection of the tax system, limited investment resources, and the impact of macroeconomic instabilities. The paper proposes ways to improve financial support, including optimization of the tax base, activation of local entrepreneurship, attracting investments and increasing the transparency of the use of budget funds. Special attention is paid to the implementation of innovative financial management tools, such as digitalization of the budget process, automation of the accounting and monitoring system, as well as the use of modern financial technologies to attract additional sources of funding. It is recommended to create a favorable investment climate by simplifying the procedure for obtaining permits, reducing administrative pressure on business, and introducing preferential conditions for investors in strategically important industries. The results of the study are aimed at increasing the efficiency of financial management in territorial communities, which is a necessary condition for their sustainable socio-economic development and ensuring financial independence.
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Copyright (c) 2025 Liubov Kvasnii, Zenovy Kvasniy, Yurii Danylenko, Oleg Gatskov, Yuriy Strohush