ОСОБЛИВОСТІ СТРУКТУРИЗАЦІЇ БЮДЖЕТНОЇ СИСТЕМИ ЄВРОПЕЙСЬКОЇ СПІЛКИ

Abstract

The formation of economic, customs, currency unions, as well as common budgeting systems by independent states can be considered as a concomitant trend of modern globalization processes. It is globalization, as well as increasing economic interdependence and a greater degree of market openness, that have led to the need for more effective management of regional financial transactions, as well as coordination among decision-making centers. The task of increasing the efficiency in the financial management of these associations can be solved due to the synergistic effect of the integration of the economies of the member states of such unions. The Economic and Monetary Union of European States is a vivid example of the result of integration processes in the field of economics and finance. Its most significant achievement is the implementation of a common monetary policy. However, important theoretical and practical problems arise both in the implementation of the budget policy and in the management of the budget processes of the Union. An unconditional factor in improving the efficiency of budget process management is the use of the resultoriented budgeting mechanism, the establishment of a clear relationship between goals, objectives, implementation tools, and indicators of expenditure effectiveness. This mechanism can be used in the practice of budgeting not only by sovereign states, but also by regional associations. The integration of the result-oriented budgeting mechanism into the budget systems of regional associations is associated with solving the problems of budget planning, coordination of participants in the process of coordinating budget decisions, execution and control. The EU's experience in managing budget processes has developed as a result of constant processes of improvement, adaptation to changing conditions, and the development of the most optimal solutions for the distribution of the Union's resources. Undoubtedly, the experience gained is unique due to the specifics of the EU from the economic, political, and institutional points of view. Nevertheless, the developed mechanisms and principles of management are of interest for a detailed study and assessment of the possibility of applying the established practices to other integration associations. Strengthening regional integration associations is a priority task for Ukraine in the framework of the implementation of the foreign policy concept. One of the main factors contributing to the integration processes is the provision of sustainable coordination mechanisms between members in the adoption and implementation of joint decisions, including within the framework of joint budget management. Consequently, strengthening and increasing the efficiency of the system of managing budget processes can contribute to achieving the task of strengthening the integration of regional associations as a whole. In this regard, the study and analysis of the