Neutralization of threats to the national security of the state, caused by consequences of financial fraud, necessitates development of qualitatively new approaches to reveal the causes and vectors of its influence on the state's economy in general and welfare of its citizens. In the article the essence is investigated and varieties of financial fraud, depending on the object of fraudulent actions and the method of implementing fraudulent schemes, are systematized, their influence on formation of the shadow economy sector in Ukraine is determined. The most common methods of committing fraud with financial resources of the state, used in modern Ukrainian realities, namely unlawful and inappropriate use of public funds; evasion of tax payment; fraud in the field of public procurement and falsification of financial reporting are analyzed. According to the audit results, conducted by the Accounting Chamber of Ukraine and the State Audit Service of Ukraine, types of fraud with budget resources are described. It has been established that increase of the level of economy shadowing indicates decrease in amount of budget resources that are formed as a result of GDP distribution; therefore, in order to find reserves for increasing budget revenues under the current conditions, it is necessary to implement measures in the context of unshadowing the Ukrainian economy. On the basis of theoretical multiplicity approach and analysis of interval data, an interval model of the state budget revenues dynamics that allows determining predicted dynamics of budget revenues, taking into account an influence of such factors as GDP, incomes of population and financial results of enterprises before taxation, was developed. As a result of prediction, the indicators also reflect the amount of reserves for growth of budgetary resources, provided that successful measures are implemented in direction of unshadowing the Ukrainian economy. In order to detect and prevent fraud with financial resources of the state, necessity and justification of the ways to improve the state financial control in this area is proved.

Introduction. Intensive development of the world economic processes, contagion of globalization trends, growth of banking and other financial and credit services have led to increase in role of finance in modern life. In addition, an active use of the latest information technologies, cashless form of settlements has led to growth of various types of fraud in the financial sector. Therefore, study of theoretical and conceptual foundations of financial fraud and identification of its most important features is extremely relevant under today’s conditions of development of Ukrainian economy. Purpose of the research is to study the theoretical and conceptual foundations of financial fraud, primarily in terms of modern financial science and distinction between moral and psychological, economic and legal aspects of this phenomenon. Results. In spite of the fact that the concept of “financial fraud” gradually becomes more used both in Ukrainian scientific environment (even under the condition of absence of its clear legal regulation) in media and the Internet, as well as for objective and systemic research of problems related to financial fraud it is necessary to clarify the essence and content of this concept. On the basis of the works of domestic and foreign scientists, the author’s definition of financial fraud as a set of economic relations, implemented by legal entities or individuals (usually without violent actions), is in the process of formation, distribution and use of financial resources (income) by fraud or abuse of trust or service position for the purpose of obtaining economic and / or other benefits (personal, corporate or in favour of the third parties). Financial fraud as a phenomenon reflects the cash flows between the subjects of financial relations (the fraudster and the victim), which results in receipt of economic benefits by fraudster and losses – a victim of fraudulent activities. At present, financial fraud is a complex, multifaceted economic phenomenon that is based primarily on a psychological basis (it is thirst for easy money and unawareness that are the universal human weaknesses that “feed” financial fraud). In addition, the imperfect legal system contributes to the fact that various fraudulent schemes continue to be actively pursued in the state. Therefore, only a thorough and systematic study of financial fraud as an economic, antisocial, unlawful (and often supranational) act will contribute to the formation of necessary conditions and the development of effective measures to minimize it under modern conditions. Psychological, economic and legal nature of financial fraud is characterized. On the basis of official statistics, the dynamics of number and structure of crimes, related to financial fraud in Ukraine in 2015–2018, has been analyzed and highlighted at high level of their latency. The emphasis is made not on the important role of a state in overcoming this negative phenomenon. Conclusions. At present, financial fraud is a complex, multifaceted economic phenomenon that is based primarily on psychological basis (namely, thirst for easy money and unawareness are the universal human weaknesses that “feed” financial fraud). In addition, imperfect legal system contributes to the fact that various fraudulent schemes continue to be actively pursued in the state. Therefore, only a thorough and systematic study of financial fraud as an economic, antisocial, unlawful (and often supranational) act will contribute to the formation of necessary conditions and development of effective measures to minimize it under the modern conditions.

Introduction. In the context of reforming the system of local self-government and territorial organization of power, they need to rethink a number of important theoretical postulates of domestic financial science through the prism of improving existing and developing new conceptual approaches to the theoretical substantiation of the finances of the united territorial communities in their territorial communities. After all, the study of OTG finances, with their permanent dominance in local finance, is the basis for effective implementation of the reform of financial decentralization and local development. Moreover, upon completion of the reform, the UGT finances will prevail, completely changing the local finances. Purpose. Given the limited theoretical and practical experience of domestic scientists on the finances of the united territorial communities, the purpose of the article is to find out the place and role of OGF finances in the financial system of the state. Methods. The methods of abstraction, generalization, induction, deduction, synthesis were applied in the study of the role and place of OGF finances in the financial system of the state, as well as the system method. Results. The views of domestic and foreign theorists and practitioners on the scientific substantiation of the financial system of the state and its structural components have been systematized. The LTG finances in its structure and the role for modifications of local finances was determined. This made it possible to identify OTG finances as an area of the financial system and to formulate a science-based approach to their knowledge, while separating OTG budgets, utility and financial institutions and local borrowing in their structure. Discussion. It is advisable to carry out further scientific researches of OGF finances on the basis of the formed theoretical substantiation of OGF finances as an integral part of the financial system of the state with the corresponding structural structure – links that are interconnected and interact.

Introduction. A necessary condition for the reconstruction of Ukraine from the consequences of the destruction caused by the Russian armed aggression, the COVID-19 pandemic, and the formation of a resource-saving inclusive economy on the basis of permanent socio-economic growth is the effective functioning of the public finance management system, the basic element of which is budgeting technologies. Participatory budgeting is their important component, and participatory budget is one of the innovative tools for involving citizens in the distribution and use of budget resources, democratization of the budget process at the local level to stimulate the development of territorial communities and regions.Purpose. The purpose of the article is to develop theoretical and methodological foundations and practical approaches to the functioning of participatory budgeting, to identify the main trends in the development of participatory budgeting and to substantiate the directions of its modernization in the context of reforming public finances.Methods. To achieve the goal defined in the study, general scientific methods were used: analysis and synthesis, induction and deduction (for the formation of the theoretical foundations of participatory budgeting); functional and statistical analysis, analogy, systematization, formalization, measurement, modeling (to assessthe practice of functioning of budgets) participation); generalization, comparison, optimization, argumentation, logical methods (for developing directions for improving participatory budgeting).Conclusions. A theoretical approach to the disclosure of the essence of participatory budgeting has been formed, an algorithm for its implementation at the level of the territorial community is given and the advantages of functioning of participatory budgets are outlined. The practice of using participatory budgeting in Ukraine at different levels of the budget system is analyzed, a number of problems are identified, among which the most important is the choice of allocation directions, use of participatory budgeting resources and criteria for their optimization, and approaches to their solution are proposed. A scientific approach to optimizing the expenditures of the participatory budgeting using economic and mathematical modeling has been formed.Discussion. The prospects for further research are the need to solve the problems of effective use of budget resources of local self-government bodies in the conditions of war and to find ways to ensure compliance of priority directions of expenditures of participatory budgets with the strategic goals of socio-economic development of territorial communities and regions.

Introduction. Under modern conditions, Ukrainian households are increasingly trying to follow Western models of financial behavior, in which, due to stable laws and monetary-financial system, citizens demonstrate active credit behavior. At the same time, it should be noted that during the recent years the number of users of bank loans in Ukraine, who have overdue debts, has increased rapidly, that cause concern among domestic scientists and practitioners. Purposeof the research is to analyses the modern trends in households’ credit behavior in Ukraine and development of proposals for its rationalization under the current circumstances. Results. Under modern conditions, each household forms its own model of credit behavior, taking into account certain factors, established traditions and beliefs regarding the appropriateness of borrowing funds. However, an important feature of credit dependence of our nationals is still lack of critical analysis of their own financial capabilities due to their inability to resist the natural desire of a person to “live now” and “live well”. The study showed that over the past ten years, from 8% to 16% of the adult population of Ukraine took credits in the banks. Moreover, the Western region is the leader in bank borrowings (with the exception of credit cards), while Kyiv, the North and the East show a higher level of credit card loans. Kyiv and the East are also characterized by higher demand for pawnshops. The Centre is the only region with relatively more frequent use of services of other financial institutions. Also, the practice of providing (obtaining) of so-called non-institutional credits is common among Ukrainian households, when citizens are not only borrowers but also creditors (that is, situations when relatives, friends, acquaintances are borrowing money). Conclusions. Under the context of current financial crisis in Ukraine, the role of the state, local governments, institutions and individuals in rationalizing households’ lending behavior is significantly increasing. Therefore, in our opinion, preventive measures in this sphere should be carried out at the following levels: state, local, banking and financial-credit system, and personally-individual. At the same time, it should be emphasized that these measures will be implemented only if the state provides clear legal regulation of the credit process and establishes trust relations with the population, which will help to minimize the moral and material losses of households and institutional subjects of credit activity.