Proceedings of the International scientific and practical conference ―Oxford 2026: Science and Education Today‖ (May 29-31, 2026) / Publisher website: www.naukainfo.com. - Oxford, United Kingdom, 2026. - 392 p.

41 The effectiveness of budget process management, particularly in the area of expenditures, is a factor in the stability of the financial system and a guarantee of sustainable economic growth of the country. In modern conditions, the budget carries a significant burden, since there is a need to satisfy the public welfare of the population, and on the other hand, limitations on the budget's financial resources do not provide opportunities for proper maneuver, therefore, effective budget planning plays a significant role in the distribution and use of financial resources and ensuring economic growth. Insufficiently effective budget planning is one of the reasons for inefficient management and use of budget funds. As a result, a cause-and-effect relationship is observed between the problems of budget planning and effective management and use of budget funds, which affects the dynamics of the country's socio-economic development. In Ukraine, from January 10, 2019, with amendments to the Budget Code of Ukraine, in accordance with the Law of Ukraine dated 06.12.2018 No. 2646-VII ―On Approval of Medium-Term Budget Planning in Ukraine‖ [1] мedium-term budget planning has been introduced. The medium-term budget period includes the planned and two subsequent budget periods. The budget declaration, as a strategic planning document, defines the budget policy for the next three years. The medium-term budget planning tool at the local level is the three-year local financial plans. Medium-term budget planning contributes to the rational, effective distribution and use of budget funds, as well as the balance of the budget and the budget system. The financial plan of each budget, depending on its level, performs tasks in a specific link of public administration. High-quality preparation of the draft budget requires: an appropriate level of interaction between the state and local budgets; the volume of expenditures of all levels of the budget system; financial standards of budget security and coefficients that adjust them; regulation of fiscal legislation with the determination of the appropriate level of tax burden on the economy, etc. It is important to choose methods, methods and tools for modern monitoring and assessment of the effectiveness of budget programs, as well as identify gaps and