Обеспечение открытости и прозрачности общественных финансов, расширение практики общественного участия
Ensuring openness and transparency of public finance, expanding public participation practice

Summary/Abstract: Urgency of the research. In conditions of structural reforms and crisis phenomena in the Ukrainian economy, public finances, which are the basis of structural changes, are of great importance. Their transparency and openness allow the effective using of financial resources.Articulation of the problem. Public finance plays an important role in the transformation of the national economy; the participation of the society in their formation and use positively affects financial stability and overcoming imbalances.Analysis of recent researches and publications. Ukrainian and foreign scholars E. Bauman, U. Buffett, T. Bogolib, Z. Varnaliy, S. Witte, G. Ehlers, O. Kirilenko, I. Liutyi, G. Soros who have been actively investigating the problem of openness and transparency of public finances in recent years. At the same time there is no comprehensive study of the society participation in the formation of public finance.Singling out unstudied parts of a common problem. In our study, we can single out a number of unstudied parts of the problems: the problem of financial imbalances, the problem of the budget openness, the problem of public participation in the formation of finance openness and transparency, the problem of the public budget.Research objective. To analyse the theoretical and methodological aspects of public finance, show the importance of public finances openness and transparency, disclose the value of an open budget to ensure macroeconomic stability in the real sector of the economy.Statement of basic materials. The article investigates, systematizes and analyses the scientific works of Ukrainian and foreign scientists devoted to the openness and transparency of public finances, and the extension of the public participation practice. The issues of formation of the public budget are considered, and the necessity of introducing the «Open Budget» as an integrated approach to the practice of increasing public participation in the budget process is substantiated.Conclusions. We believe that in order to improve the budgetary process, it is necessary to approve a unified technology of «social diagnostics» to identify the needs of older citizens in providing social support measures that ensure the correctness, transparency, objectivity of decisions, establish social requirements that increase the coefficients for budgetary allocations distributions for certain categories of Ukrainian territories (depressed territories).Thus, first of all, we wanted to provide a study that will allow us to create a budget map, since all materials confirm the need to use the best practices for the effectiveness of budget expenditures, to solve complex problems of the Ukrainian economy.It is very important for the authorities of all levels to stimulate the growth of effectiveness of public finance management, to monitor the documents of strategic and budgetary planning, and to formulate a rating of the regions’ effectiveness.

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