Urgency of the research. Each project calls for a distinct project management style and approach. The senior public management should establish a project approach whereby all or at least the majority of functional activities for national and regional programmes' implementation is seen as projects. Target setting. The purpose of the research is to study the project approach and the possibility of its use in managing national economic development. Actual scientific researches and issues analysis. Projects as the cutting edge of economic development are also of increasing interest to researchers. Entire books describe how to manage the projects (e.g., Kassel 2010; Wirick 2009). Uninvestigated parts of general matters defining. The research objective. We can state that managing sustainable economic development in the 21 st century is undergoing dramatic change, especially in advanced economies of the world. This paper argues that public sector reform efforts in Ukraine, particularly those in economic field, need to embrace these changes selectively, in particular with regard to project approach. The statement of basic materials In general the application of the project approach allowed Rivne Oblast to attract
The development of efficient local governance and establishment of comfortable conditions for the living activity are the major strategic tasks of the public governance and authorities’ decentralization system modernization that is currently underway in Ukraine. The complicated socio-environmental and economic situation faced by Ukraine due to the deployment of military and political events, the collapse of the national currency, the deformation of industrial infrastructure, the depletion of natural capital, the exhaustion of natural resources, the spread of coronavirus infection COVID-19, and other destabilizing factors constitutes an incredibly high threat to the socio-political and economic security of the state as a whole and of each territorial community (TC). In this perspective, each element of the complex national economy system is important and should be translated into the principles of intellectualization in a strategic perspective. Today, the economic systems of both the state and the TCs are largely supported by international organizations – mainly through the provision of international loans and grants. The harmonization of national legislation on the preservation and reproduction of natural capital with European directives is the priority area of the foreign policy of Ukraine. Cooperation with international organizations sets a number of requirements for Ukraine, including the transparency of financial flows and natural capital accounting. Clear regulation of accounting, storage, and reproduction of natural capital is an urgent task of the public administration system. Taking into account the fact that climate security is a global problem, adaptation of national standards to European directives will make it possible to unify the information support of public finances and form a strategy for the development of natural capital. The main factors of economic efficiency in the Republic of Poland and Ukraine are compared. The research verifies the regression relationships between budget funding of territorial communities and the population of these territorial communities and provides conclusions about the efficiency of TCs’ funding in Ukraine.
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