FINANCIAL SECURITY OF UTILITY ENTERPRISES IN THE SYSTEM OF LOCAL FINANCE

Abstract

Financial support of communal enterprises is one of the key components of the effective functioning of the local economy. Communal enterprises provide important social services, such as water supply, energy supply, transport, which directly affect the quality of life of the population. Effective management of the financial resources of these enterprises ensures the stability and development of local communities, promotes economic growth and increases the investment attractiveness of regions.

The significance of the study lies in the need to optimize financial flows and increase the efficiency of the use of financial resources by utility companies. This is especially relevant in conditions of limited budgetary resources and high requirements for the quality of service provision. In addition, modern challenges, such as decentralization, economic crises and global pandemics, require new approaches to the financial support of public utilities.

This article focuses on analyzing and proposing improvements in the financial management of public utility companies. It addresses the need for clear financial strategies, ensuring transparency in financial management, and optimizing tariff policies. The authors emphasize the importance of implementing advanced technologies and innovations to enhance service efficiency and quality. Special attention is given to recommendations for local governments, state authorities, and the utility companies themselves, aimed at creating a favorable investment climate, developing clear tariff policies, ensuring transparent and open management, and supporting initiatives in the field of innovation. The implementation of these recommendations will contribute to the stable development of public utility companies and improve the quality of life for the population.