Development of the Financial Mechanism for the Provision of Public Services

Abstract

The most important indicator of the level of socio-economic development of the state is the quality of the provision of public services. However, their quality does not always correspond to the requirements of today. Therefore, one of the system links that need theoretical generalization and streamlining is the financial mechanism for the provision of public services. Thus, the issues of improving the financial mechanism are relevant. The purpose of the study is to analyze the financial mechanism for providing public services. Following the goal, the following research tasks are set: to study the state of the financial mechanism for delivering public services; to analyze the forms, methods, and tools for financing public services; to study the process of planning the financing of public services. The practical significance of the work lies in the fact that the materials of the article can be used by public authorities to increase the efficiency of spending budget funds. Besides, they can be applied in the teaching of economic disciplines.