Year: 2022 | Month: June | Volume 67 | Issue 3
Public Administration System in the Field of Finance Under the Influence of Digitalization
Inna Zhuk
Alina Khaletska
Tetiana Stepura
Eduard Shchepanskiy
Uliana Sadova
Vasyl Pyla
DOI:10.46852/0424-2513.3.2022.11
Abstract:
The effectiveness of the functioning of the state’s monetary system and the implementation of targeted economic policies with the help of the financial management mechanism depends on the organization of the management of the state’s funds. The study aims to find effective digitalization tools to improve public administration in the financial sector. To achieve the goal, the authors analyzed which countries are the most advanced in the use of digitalization tools in the public administration system, identified the most effective tools in terms of the feasibility of their implementation, and developed recommendations for improving the digitalization of the public administration system in the field of finance. Digitalization of public administration processes can potentially lead to a reduction in the number of officials, an increase in the efficiency of administration (by increasing the objectivity of decisions made and eliminating the possibility of technical errors when making legal decisions), an increase in the quality and accessibility of public services by transferring them to a digital format, as well as increasing their security level. The use of blockchain technology in the system of public financial management will help to cope with corruption, strengthen the state apparatus, increase citizens’ confidence in the authorities and thereby indirectly increase investment activity in the country.
Highlights
- Digitalization of public administration processes can potentially lead to a reduction in the number of officials, an increase in the efficiency of administration (by increasing the objectivity of decisions made and eliminating the possibility of technical errors when making standard decisions), an increase in the quality and accessibility of public services by transferring them to a digital format, as well as increasing the level of security of their receipt
- Using blockchain technology to track public data and finances ensures accountability, traceability, and security; helps deal with corruption, and improves public confidence in the public administration system.
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