Forecast of the digitalization impact on public ﬁnancial management-Reference-Cited by-同舟云学术

Forecast of the digitalization impact on public ﬁnancial management

Published:2023-01-17 Issue:4 Volume:16 Page:113-123
ISSN:2220-7872
Container-title:The world of new economy
language:
Short-container-title:Mir novoj jekonomiki

Author:

Belousov Yu. V.¹^ORCID,Timofeeva O. I.²^ORCID

Affiliation:

1. Center for Budgetary Policy of the Financial Research, Institute of the Ministry of Finance of the Russian Federation

2. Center for Budgetary Policy of the Financial Research, Institute of the Ministry of Finance of the Russian Federation; Financial University

Abstract

Modern digital technologies based on artiﬁcial intelligence and big data have a signiﬁcant impact on many areas of the socioeconomic life of society. At present, digitalization has not affected the public ﬁnancial management system to a small extent. However, this particular area has a high potential for the use of big data and artiﬁcial intelligence, as it is based on signiﬁcant amounts of information, including unstructured information. At the same time, the process, mechanism and forms of the digital technologies impact on public ﬁnance management have been little studied in the scientiﬁc literature. The paper forecasts changing in the public ﬁnancial management system that may occur under the inﬂuence of digital technologies in the medium and long term. The authors used a methodical approach based on extrapolation for forecasting. Nowadays, digital technologies have signiﬁcantly inﬂuenced some sectors of the socio-economic people’s activity. The forms and mechanisms of such inﬂuence had been extrapolated to the public ﬁnancial management system and, primarily, to various stages of the budget process.

Publisher

Financial University under the Government of the Russian Federation

Subject

General Medicine

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