THE PUBLIC ADMINISTRATION OF THE SOCIO-ECONOMIC DEVELOPMENT OF TERRITORIAL COMMUNITIES UNDER CONDITIONS OF INCREASING FINANCIAL CAPACITY

Анотація

The article presents a detailed analysis of public governance practices in the socio-economic development of territorial communities under conditions of increasing their financial capacity. The study emphasizes the importance of financial autonomy, institutional capacity, and the professional competencies of local self-government bodies as key strategic factors that determine the effectiveness of management processes, stimulate socio-economic development of communities, and enhance their competitiveness. Particular attention is paid to the role of financial management, budget planning, transparency in resource utilization, and the ability of local self-government bodies to respond promptly to changes in the economic and social environment. A comparative analysis of contemporary approaches shows that effective governance of socio-economic development is achieved through the comprehensive integration of strategic planning, transparent financial management, the use of digital platforms for monitoring and control, as well as the development of inter-municipal cooperation and resource sharing. The experience of Ukrainian amalgamated territorial communities demonstrates that optimizing budget processes, attracting grant and investment resources, implementing modern digital management tools, and stimulating local economic activity contribute to more efficient use of financial resources and improved management performance. The results allow us to summarize those successful practices of public governance of territorial communities are based on a combination of stable financing, digital transformation, development of institutional capacity, and managerial competencies, including leadership skills of community leaders and professional development of local government personnel. The proposed approach can ensure increased efficiency in resource utilization, support sustainable socio-economic development of territories, optimize the implementation of strategic local development programs, and enhance citizens’ trust in authorities. Such a comprehensive approach is a prerequisite for the formation of a resilient, competitive, and self-sufficient local governance system in Ukraine, aligned with modern European standards of territorial management and ensuring balanced development of all communities at the national level.

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