PUBLIC MANAGEMENT OF THE LOCAL COMMUNITIES’ FINANCIAL AND ECONOMIC SECURITY: TOOLS IN CRISIS SITUATIONS

Анотація

The article considers the ability of public management institutions of economic processes at the local level to adapt to the threat, develop strategic plans, and coordinate activities related to economic security. In the conditions of Russian aggression, compliance with the procedures and order of decision-making, budget planning, openness of projects, strengthening of infrastructure capacity, etc., is of great importance. In this context, it is established that public management should be aware of the importance of the danger from the crisis. The peculiarities of political interactions within the community and the ethnic structure of local communities decisively affect the vector of political governance in a period of crisis. The specifics of the economic inequality in the conditions of modern urban clusters can be based on inequality in international relations, which are revealed. The significance of the divergence in economic security strategies depends on the nature of the crisis that it reveals. It is substantiated that the struggle of public management for the effectiveness of decision-making at the local level requires clear relations with adjacent units of government. The state of economic security of local communities is significantly deteriorating due to new challenges associated with the destruction of infrastructure and a lack of resources. It is revealed that International standards for increasing the level of economic security draw attention to the need for broad coordination of interdisciplinary institutions and actors. The agenda of the community's economic security requires balanced decisions regarding its transformation into effective tools for the protection of the community's interests. It has been suggested that under the condition of targeted and large-scale international assistance, the public authority of the local community is able to restore the functionality of many of its institutions and infrastructure facilities. It is established that public management should be open to constant dialogue with all participants and stakeholders of economic security.

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