Proceedings of the International scientific and practical conference ―The Hague Conference on Science and Public Policy‖ (May 8-10, 2026) / Publisher website: www.naukainfo.com. – The Hague, Netherlands, 2026. - 232 p.

54 Under martial law, extraordinary measures were taken to mobilize financial resources for the needs of the army and other important areas of the country's life support, so the state was forced to use various mechanisms for raising funds, including debt instruments. It is already necessary to create the starting conditions for a real structural restructuring of the economy and the restoration of the investment and innovation process. The public finance system cannot be successful without the use of innovative management mechanisms, which is an important component of its sustainable, dynamic development. An analysis of its functioning in the pre-war period has shown its fragmentation, non-systemic nature of construction, which increased the risks of confronting threats. It is thanks to the international support of partner countries, international organizations, and the purchase of government bonds by the National Bank of Ukraine that the public finance management system has retained its stability, but requires a complete reboot. In our opinion, the mechanism of public finance management requires transformational changes, improvement of existing approaches to its regulation. In particular, it is necessary to increase the transparency of the entire budget system, ensure a transparent flow of state budget funds from the main administrator of budget funds to the recipient or executor of the budget program. It is advisable for all participants in the budget process to increase interaction, comply with the main provisions of budget legislation, prevent budget violations, adhere to the basic principles of the budget system, in particular: the efficiency and effectiveness of the use of budget funds . It is also important to resolve the issue of duplication of functions, operations, data processing, which actualizes the creation of an integrated process management system. Introduction of information technologies that link budget allocations with their use and the obtained ( actual ) result. Strengthening the trends towards launching electronic document flow and providing public services in the public finance system in electronic form. In our opinion, the public finance management system can be effective only when the efficiency of budget expenditures increases, the effectiveness of budget