Financial and investment resources of territorial communities: peculiarities of attraction and use

Abstract

Introduction. In today's conditions of the functioning of communities, there is an ever-increasing need for financial resources to ensure their development and fulfillment of socio-economic tasks. In particular, it is important to study and analyze the peculiarities of attracting and using financial resources, taking into account the specifics of territorial communities, their needs, and capabilities, as well as the impact of war conditions on their functioning. These issues reflect the importance of developing effective strategies and methods for attracting financial resources to ensure the sustainable development of territorial communities. Therefore, it is necessary to understand the current state of financial and investment resources and their use, identify problematic aspects, and develop ways to solve them. Therefore, the introduction of new policies and tools for managing financial and investment resources to support the development of territorial communities is a more relevant research issue than ever. Due to the abovementioned factors, the study of financial and investment resources of territorial communities is important for the development of improved management strategies, ensuring the efficient use of resources, and securing the sustainable development of communities. The article aims to determine the nature of the financial and investment resources of territorial communities and analyze their current state in the context of existing and potential sources of their attraction. Results. Opportunities faced by local governments as they seek to achieve their goals and implement promising community development objectives are identified. The model of the system of financial and investment support of territorial communities is examined. Material and financial resources of budgets of territorial communities, as well as internal and external sources of financing their investment needs, are identified. The article outlines the capabilities of local governments to mobilize resources of economic entities, households, individuals, etc. for meeting the investment needs of the community. The organizational and managerial capabilities of territorial community authorities in solving investment problems are substantiated. The legal framework for the activities of local governments is analyzed. Conclusions. The article substantiates the potential of financial and investment resources of territorial communities and identifies the ways of using these resources to achieve the planned results and stimulate further development. Keywords: finance, investment, territorial communities, financial resources, local governments.