Optimization of Financial Resources of Territorial Communities: A Methodological Approach to Responding to Modern Risks in State Management

Abstract

Choosing the optimal financial provision for territorial communities is important as it allows for a more effective response to contemporary challenges in public administration. The methodological approach to this process helps communities better utilize available resources for secure development and improving the quality of life for their residents. An in-depth analysis of both scientific and practical literature reveals that the issue of financial resources for territorial communities has not been comprehensively addressed to date. Thus, the goal is to define an approach that will provide information on the most optimal forms of financial resources needed by various territorial communities under current conditions. For this, the object of study is the financial resources of individual territorial communities in Ukraine for evaluation. The scientific task is to propose and integrate such a method that will facilitate the selection of the most optimal financial resources for the territorial communities of Ukraine. For this purpose, experts were involved and appropriate pairwise comparisons were conducted. As a result, we analyzed the current financial state of Ukraine's territorial communities. We characterized the key principles of the proposed methodological approach to optimizing financial resources. We identified the most optimal types of financial resources for comparison and highlighted the most suitable among them. The practical significance of the obtained results is revealed through the possibility of applying this approach in the work of territorial communities in Ukraine. However, the research has limitations and does not take into account other resources, such as human and informational. This is noted for further research.