Modern development of management system of public finances in Ukraine: accounting segment in providing innovation and investment direction vector

Abstract

The article deals with the problems of innovation and investment development of public finances, their system of management and budget accounting as the basis of its information and analytical support. In the process of processing normative legal acts of the sphere of public finances, the main vectors, the tasks of modernizing the system of management of public finances and the role of budget accounting in the above-mentioned processes are identified as the basis of the information-analytical support of the system of management of public finances. The main results of the modernization of budget accounting in Ukraine and the transition to the accounting system in the sector of general government are presented. The general description of the main provisions of the Strategy for Reforming the Public Finance Management System for 2017–2020 is provided and the causal links of accounting performance in the general government sector and other components of the public finance management system are confirmed. The article makes conclusions on improving the innovation and investment climate of Ukraine's economy through the final realization of the goals and objectives of the above-mentioned normative document.

Keywords

• management system of public finances
• public finances
• innovation and investment development;
• innovation and investment development
• modernization
• budget accounting
• integration