Proceedings of the International scientific and practical conference ―Israel Ukraine Forum of Science and Innovation‖ (April 27-29, 2026) / Publisher website: www.naukainfo.com. – Tel Aviv, Israel, 2026. - 262 p.

10 Obtaining the status of candidate for EU membership opens up new opportunities for Ukraine and imposes certain obligations to bring domestic financial terminology into line with European standards and generally accepted international practice. Thus, it is necessary to determine the composition of public finances, which should be in the country's financial resources management system (PFM). After all, rebuilding the state after the war will require increased attention from the public to the accumulation, distribution, redistribution and use of financial resources in priority areas and measures of socio-economic development. Thus, it is necessary to justify the appropriate volume of public finances at the disposal of the state now. And, the issues of efficiency of management and use of financial resources today and in the near future will become an extremely relevant task of the entire system of public administration. Since, sustainable economic development, the well-being of society has always depended on clearly defined boundaries (volume) of public finances, opportunities and their role and significance in meeting public needs and interests of citizens. The scale of the state apparatus, the level of improvement of the system of state administration bodies, the increase in the degree of their interaction, and the efficiency of their activities, in accordance with modern existential social requirements, will depend on the resolution of this issue. When studying the term "public finance", in our opinion, it is important to delve into the recent past, look a little deeper and look into the history of its genesis, that is, its emergence and spread. Until recently, in particular during Soviet times, when the then government did not recognize the right to private property, but rather dominated by state ownership, this term, along with the concept of ―public finance,‖ was identified with the then- commonly accepted term ―state finance.‖ Even when translating the phrase ―public finance‖ from English to conform to Soviet terminology, many domestic scholars translated this term as ―state finance‖ In the current conditions of Ukraine's development as an independent state with its own financial and budgetary system, and especially after the Russian invasion and acquisition of the status of a candidate for EU membership, there has been a need to