Digitalization in Ensuring Transparency and Efficiency of Public Finance Policy

Today, the digitalization of the world economy is successfully developing in most countries of the world. Ukraine is still very slow, but the steps to introduce digital technologies into the economy and business are effective. Particularly acute is the problem of digitalization of the sphere of public finance and their management in the process of distribution between subjects. As you know, the public sector of finance in Ukraine needs to introduce new technologies in order for our country to be competitive in the international arena. It is the introduction of digital technologies that will help our country not only save public funds, but also simplify the processes of their provision.
Having studied the theoretical basis for the introduction of financial technologies in developed countries and developing countries, it has been determined that they help to simplify various processes; from granting a loan to receiving public funds. Financial technologies are an indicator of the level of development of a country and whether a developing country the more technologies it uses Today, in the 21st century, the future of countries is digital technologies, and their effective application is the key to success.
The purpose of the thesis is to study the level of implementation of digital technologies in the public finance of Ukraine and analyze their impact on the transparency of the use of public funds. When writing the thesis, the Prozzoro public procurement program, which is a direct consequence of the digitalization of public finances, was studied in detail. According to various sources, the implementation of this online platform has helped to save a considerable amount of public funds. When interviewing representatives of the Ministry of Finance and the Ministry of Digital Economy, key problems were identified in the implementation of digital technologies in the field of public finance and the results achieved were identified.
In the final section, it was proposed to create a more unified program for public procurement that controls the flow of public funds and their distribution among state economic entities. It has been established that Ukraine is moving in the right direction and is gradually introducing technology into the financial industry. Based on the experience of developed countries and on their own representatives of the Ministry of Digital Economy, they are effectively working on the total digitalization of public finances and are taking the right steps in this direction.

Huk D. Digitalization in Ensuring Transparency and Efficiency of Public Finance Policy : Master Thesis : 072 Finance, Banking and Insurance/ Dmytro Huk. – Kyiv, 2023. – 86 p.