EU experience in ensuring transparency and publicity of reporting on the use of funds under EU programs

Abstract

In the conditions of intensification of European integration processes and increased funding flows under various programs and projects, there is a need to understand the system of transparency and publicity of reporting on the use of funds under EU programs. The established reporting system, the organization of citizens' access to existing information, the established clear system of control, the use of modern digital tools and the established institutional system of the EU make it possible to successfully implement the principles of transparency, accountability and integrity in managing one's own funds. Such experience is an important example for other countries and organizations that are currently on the path of European integration and seek to increase efficiency and trust in the results of the use of financial resources under EU programs.

The purpose of the article is to study the EU experience in ensuring the transparency and publicity of the use of funds under EU programs reporting by researching the key elements of such a system in order to develop directions for improving the existing system of transparency and publicity of the use of financial resources in Ukraine. This will create prerequisites for reducing corruption risks and increasing the level of the international community trust in the process of spending funds received under Ukraine's support programs. A comprehensive study of the use of funds under EU programs and projects experience will contribute to the use of the best European practices to further create open and accessible control mechanisms for financial transactions that ensure transparency in the use of funds.

The study of the experience of transparency and publicity of reporting under EU programs was carried out using a set of theoretical research methods. In particular, the method of analysis of EU documents made it possible to get acquainted with the system of legal support for the management of EU funds. The analysis of such a legal framework made it possible to study the rules and mechanisms of transparency in the organization of reporting on the results of the use of funds under EU programs. The method of generalization and systematization of information made it possible to single out the components of the system of transparency and publicity of the use of funds under EU programs, and the method of synthesis made it possible to form conclusions for further research into the system of publicity and transparency of the use of funds of international programs and projects.

The study and adaptation of the EU experience will contribute to the further development of our own effective financial management elements that correspond to the best European practices and will allow to increase the effectiveness of state and international programs. This study is the basis for the further creation of recommendations on the use of tools and procedures aimed at improving accountability and transparency in the use of international projects and programs funds in Ukraine and will also create the prerequisites for further strengthening public trust in public financial management.