finance, public organizations, state, society, business
Abstract
The article highlights the essence and role of public organizations in modern processes of society development. The place of finances of public organizations in the financial system of the state is determined. The distinctive characteristics of the finances of commercial and non-profit organizations are substantiated. In the main part of the study, it is determined that the existence of a developed civil society has a positive impact on all three sectors (business, state, population). After all, public organizations most often provide those services that are difficult or even impossible for the state to provide due to the difficulties of identifying real problems in a particular region, thereby meeting the needs of the population and improving the quality of the environment in which business operates. It has been established that a rather specific place is given to the finances of public organizations in the financial system of the state. It is at the expense of the non-profit sector that social balance appears and is maintained, a responsible civil society arises and a wide range of social services is formed. local finances form the sphere of public finances, i.e. finances for public control. The conclusions determine that the basis of the concept of finance of public organizations is the financial relations that arise between non-profit organizations and other business entities regarding the formation and use of their funds for the purpose of proper performance of their statutory activities (provision of individuals and legal entities in the complex of services provided by non-profit organizations in accordance with the current legislation). Separation of finances of public organizations into a separate link within the finances of business entities will allow studying their components in a complex, taking into account all the features of their functioning.
Author Biographies
Olha Liakhovych, National University of Water and Environmental Engineering, Rivne
The article highlights the essence and role of public organizations in modern processes of society development. The place of finances of public organizations in the financial system of the state is determined. The distinctive characteristics of the finances of commercial and non-profit organizations are substantiated. In the main part of the study, it is determined that the existence of a developed civil society has a positive impact on all three sectors (business, state, population). After all, public organizations most often provide those services that are difficult or even impossible for the state to provide due to the difficulties of identifying real problems in a particular region, thereby meeting the needs of the population and improving the quality of the environment in which business operates. It has been established that a rather specific place is given to the finances of public organizations in the financial system of the state. It is at the expense of the non-profit sector that social balance appears and is maintained, a responsible civil society arises and a wide range of social services is formed. local finances form the sphere of public finances, i.e. finances for public control. The conclusions determine that the basis of the concept of finance of public organizations is the financial relations that arise between non-profit organizations and other business entities regarding the formation and use of their funds for the purpose of proper performance of their statutory activities (provision of individuals and legal entities in the complex of services provided by non-profit organizations in accordance with the current legislation). Separation of finances of public organizations into a separate link within the finances of business entities will allow studying their components in a complex, taking into account all the features of their functioning.
Andrii Khmelnyk , National University of Water and Environmental Engineering, Rivne
