THE INTEGRATED MODELLING OF THE FINANCIAL STABILITY OF TERRITORIAL COMMUNITIES IN THE CONTEXT OF ENSURING THEIR INCLUSIVE DEVELOPMENT

Анотація

Transformational challenges caused by the local government reform, European integration processes, digitalisation, and war highlight the need to find innovative approaches to managing the finances of local communities to increase their financial stability. Ensuring the ability of communities to withstand external and internal threats, restore financial capacity after crises, and reduce vulnerability to shocks is an important prerequisite for inclusive development and the sustainable functioning of local self-government.The systematisation of scientific approaches has made it possible to refine the definition of the financial stability of a territorial community. It can be understood as the community’s ability to apply adaptive tools and technologies for managing its financial resources in order to overcome the negative effects of shocks, restore financial capacity, reduce vulnerability to threats, and ensure inclusive development.The purpose of the study is to deepen the theoretical and methodological foundations for assessing the financial stability of territorial communities in the context of ensuring their inclusive development and constructing a consolidated system for measuring it.The primary outcome of the study is the development of an integrated index of financial stability for a territorial community, comprising two blocks of indicators: financial and inclusive components. This approach enables a comprehensive assessment of financial stability, considering both the outcomes of financial resource management and the state of inclusive community development.The elaborated theoretical and methodological foundations provided the basis for conducting a comprehensive comparative analysis of territorial communities with regard to their financial stability. This, in turn, allowed for the identification of structural imbalances in their development and the substantiation of strategic priorities for local self-government financial policy, directed at strengthening financial resilience and ensuring the conditions for inclusive development.

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