THE ADVANTAGES OF USING DIGITAL TECHNOLOGIES IN BUDGETARY PROCESSES

Аннотация

This article examines the integration of digital technologies into public budgeting processes, emphasizing their advantages in enhancing transparency, efficiency, and accuracy in fiscal management. As public sector entities strive to meet increasing demands for accountability and citizen engagement, digital tools have emerged as transformative assets. This research synthesizes recent findings from international case studies and literature to explore how digitization contributes to the modernization of budgeting functions, including data collection, allocation, performance tracking, and auditing. Utilizing a mixed-method approach, the study identifies major benefits such as real-time monitoring, predictive analytics, improved stakeholder participation, and reduced administrative costs. The findings suggest that digital budgeting systems—when well-implemented—promote better financial governance, policy responsiveness, and long-term planning. The article concludes with policy recommendations for adopting a digital-first approach to budgeting, particularly in emerging economies undergoing fiscal reform.