THE ROLE AND METHODS OF FINANCIAL CONTROL IN IMPROVING THE BUDGET PROCESS WITHIN THE DIGITAL ECONOMY

Abstract

This article examines the transformative impact of the digital economy on financial control mechanisms and their essential role in optimizing the national budget process. The research focuses on how digital technologies, such as Big Data analytics, blockchain, and automated monitoring systems, enhance the efficiency, transparency, and accountability of public fund management. The study analyzes the transition from traditional, retrospective auditing to real-time, proactive financial oversight, highlighting how these modern methods mitigate fiscal risks and reduce corruption. Furthermore, the article identifies key strategies for integrating digital tools into the budgetary framework to ensure precise allocation and effective utilization of resources. The findings suggest that digitalizing financial control is not merely a technical upgrade but a strategic necessity for achieving sustainable fiscal discipline and improving the overall quality of the budget process in the modern economic landscape