ANALYSIS OF MODERN METHODS OF MANAGING FINANCIAL AND ECONOMIC ACTIVITIES IN SOCIAL PROTECTION BODIES

Abstract

The article examines modern methods of managing the financial and economic activities of social protection bodies in the context of the transformation of state social policy and increasing requirements for the efficiency of using budget resources. The relevance of the study is due to the growth of social expenditures, limited financial resources, the complication of socio-economic processes, as well as the need to ensure transparency, effectiveness, and accountability of the activities of social protection institutions. In the research process, general scientific and special methods of cognition were used, in particular analysis and synthesis, systemic and structural-functional approaches, comparative analysis, generalization, as well as methods of economic analysis. The article analyzes the features of the application of the program-target method of budgeting, financial planning, management accounting, internal financial control and audit, as well as tools for digitalization of financial and economic processes in the activities of social protection bodies. The results of the study identified key problems in managing financial and economic activities in the field of social protection, including fragmentation of management decisions, insufficient integration of modern financial management methods, complexity of regulatory framework and limited opportunities for assessing the effectiveness of budget funds. The directions for improving the system of management of financial and economic activities of social protection bodies are substantiated, in particular by strengthening effective budgeting, development of an internal control system, implementation of management accounting elements and use of digital information systems. The practical significance of the results obtained lies in the possibility of their use in the activities of social protection bodies in order to increase the efficiency of financial resource management, optimize economic processes, and improve the quality of social services provided to the population. It follows that in modern conditions of increased requirements for the efficiency and transparency of the activities of state institutions, social protection bodies are faced with the need to implement new approaches to managing financial and economic activities. Analysis of modern methods allows us to identify key mechanisms for optimizing resources, increasing the efficiency of management decision-making, and ensuring the rational use of budget funds. The importance of the topic lies in the fact that improving financial and economic processes contributes to improving the quality of social services, strengthening financial discipline and social justice. Thus, the study of existing management methods creates the basis for developing effective practical recommendations for improving the effectiveness of the functioning of social protection bodies.