ბიუჯეტის ადმინისტრირების მექანიზმები გლობალური ეკონომიკის პირობებში

Abstract

In today's dynamic landscape, modern global systems are redefining the standards and priorities of national economic policies. Countries' economic status is experiencing significant shifts due to their participation in these systems. As a result of these changes, the current world economy is marked by the proliferation of regionalism and the emergence of spatial economic frameworks. Therefore, the classical economic concepts are evolving, giving rise to a new model known as economic nationalism. This paradigm shift generates new risks and increases their severity and scale. The overarching goal of economic policy is now centered around ensuring and predicting the stability of development. Discussions are underway to address the challenges of achieving economic balance and securing its social and institutional sustainability. In addition to the decentralization of the unified governance system, the global economy is characterized by the activation of centralized governance elements within the individual countries. This necessitates the development of new standards for global cooperation and the careful balancing of integrative and national development factors. The question of the government's influence on the economy and the delegation of its powers is once again becoming pertinent. The effective coordination of public administration is built upon the principle of government decentralization, which serves as the primary component of a democratic societal model and facilitates the transfer of management tools to the public. The key objectives of this research are centered around the optimal allocation of state government functions and study the hierarchical principles of territorial organization within the country, the fiscal mechanisms for distributing powers, as well as the particularities of structuring of the spatial economy and its budgetary provision mechanisms. The paper discusses the priority governance standards of modern world economic processes, their conceptual, institutional, and legal foundations, as well as the challenges related to the coordination of economic systems within the global environment. Additionally, the paper addresses the optimal distribution of functions between different budget levels and explores the role of budget system decentralization in economic management. The paper highlights the peculiarities of budget system decentralization in the context of Georgia. Keywords: coordination of economic systems, regionalism and spatial economy, optimal power distribution, budget decentralization, governance standards.