MODELS OF PARTICIPATORY BUDGETING AND THEIR INTEGRATION INTO CONTEMPORARY BUDGET MANAGEMENT

Анотація

Introduction. In contemporary conditions, there is a growing need to apply budget management instruments capable of enhancing the efficiency and equity of public fund allocation while strengthening public trust in governmental institutions. In this context, the study of participatory budgeting models, their functional characteristics, and their potential for integration into the practice of budget management in Ukraine is of particular importance. The purpose of the article is to systematize theoretical approaches to participatory budgeting, to develop an authorial typology of its models, and to substantiate the possibilities of their integration in order to enhance the efficiency, transparency, and legitimacy of the budget process. Results. The study establishes that participatory budgeting represents a logical outcome of the evolution of democratic principles in budget management and the expansion of citizens’ roles in the budget process. A typology of participatory budgeting models – plebiscitary, deliberative, and associative – is substantiated, enabling the systematization of approaches to public engagement and the identification of their substantive differences. It is demonstrated that these models are not mutually exclusive and may be integrated within a comprehensive framework that produces a synergistic effect through the combination of direct voting mechanisms, public deliberation, and institutional mediation. The key functions of participatory budgeting are identified as informational and educational, democratic legitimacy, efficiency-enhancing, equity-promoting, and control functions, the implementation of which depends on the institutional quality of participation mechanisms and their organic incorporation into the budget process. Conclusions. Participatory budgeting should be considered an institutionalized mechanism for the democratization of the budget process, the effectiveness of which is determined by the quality of the combination of plebiscitary, deliberative, and associative approaches. The integration of these models and the realization of the key functions of participatory budgeting create preconditions for improving the substantiation, equity, legitimacy, and overall effectiveness of budget decisions within the system of budget management.

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