The global financial market is undergoing transformational changes under the growing influence of innovative factors. Such changes are due, in particular, to the concentration and scaling up and diversification of the structure of financial services, the renewal of the financial sector on the basis of FinTech operations and blockchain technologies. This requires taking into account the impact of innovation factors on the transformation of the financial market in the dimension of FinTech. The study aims to identify the imperatives of global financial innovation and show ways to develop innovative models in the interpretation of S-curves for next-generation products using new technologies when key technologies on the previous S-curve become obsolete. Also, the matrix of financial innovations is presented and the synergy of its innovation models is proved.The results of the study are to prove that each of the presented models is not independent, it evolves and develops itself, as well as affects other models. This made it possible to identify prognostic pathways for the development of innovative models in their synergy in the form of two-ring motion. Thus, the study emphasizes the need for further research aimed at developing innovative models that will determine strategic decisions in the formation of innovation imperatives.
Modern transformational changes occurring in the socioeconomic life of countries are conditioned by the evolution of information and communication technologies, the deployment of globalization, decentralization, the strengthening of the openness policy and the increase of efficiency of use and hence the transition from a bureaucratic model of government to a consensus model, a built model. implementation of entrepreneurial management mechanisms in providing social services to the population actualize the need for rethinking and justification the structure of public finance in the new environment. On the basis of systematic analysis, the theoretical aspects of «public finances» are revealed in the article, their structure is substantiated and the necessity of application in scientific circulation as an important dominant of civil society is proved. It is emphasized that the essential characteristics of this definition are revealed by the existence of financial and economic relations between the population, the state, other public institutions and economic entities regarding the formation, distribution, and use of public funds to meet the public needs of the population. It is shown that the structure of public finances is formed by state and local finances, finances of communal enterprises and state corporations, finances of enterprises and organizations of communal ownership, extrabudgetary trust funds and public funds. Among the dominant features of public finances in the context of modern transformations are transparency and imperative character. It has been argued that the vector of public finance reform must continue to be decentralization, which, in addition to the redistribution of resources and powers, should promote the extension of the financial powers of local governments, increase the transparency of both public and local finances, and raise public accountability. the public sector and improving the quality of life of the population.
The arlicle shows that the current state of development of Ukraine after choosing the path to marke,t transformation is characterized by deep institutional transformations, which often lead to the emergence of social conflicts. Quite often the main reason of such , conflicts is iilleffective redistribution of public wealth, which causes dissatisfaction with society. The most risky area in this context is the budget and budget system. The article shows that a considerable part of the produced national product is accumulated in the budget. The redistribution of accumulated funds between the regions of the country is carried out through the system of intergovernmental relations, and then betvveen the final recipients of budget funds. All these processes characterize the state 's vision of defining and implementing budget priorities. The diagrams of volumes, changes, growth rates of the expenditures of the state budget of Ukraine, as well as their structure according to the functional classification for 2015-2016 are presented. It is suggested that the development of optimal approaches to budget priorities formation is an urgent problem for the Ukrainian society, with one of these priorities in the budgetary sphere being the optimization of the structure of budget expenditures.
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