opportunity to participate in strategic decision-making and be guided by jointly
established principles and values of sustainable development.
The tenth section “FEATURES OF APPLYING RESULTS-ORIENTED
BUDGETING IN UKRAINE”. The paper deals with the issues of results-oriented
budgeting as a tool for managing public finance, where special focus is drawn to the
advantages and disadvantages of using results-oriented budgeting in the public sector
spending. Particularly, the theoretical basis of the use of result-oriented budgeting as a
tool for managing public finance is examined, the evolution of foreign countries’
experience in improving the efficiency of public expenditures by introducing a
budgeting framework is studies. The information base of the research is scientific
works, periodicals, legislature and regulations. Historical and logical methods of
research, methods of generalization and concretization, comparison and abstraction
were used to substantiate the conceptual fundamentals of results-oriented budgeting.
The current state, tasks, stages of implementation and reforming of result-oriented
budgeting in Ukraine are described.
The eleventh section “METHODOLOGICAL AND PRACTICAL ASPECTS OF
COMPETITIVENESS MANAGEMENT OF THE INSURANCE COMPANY”.
Ensuring the competitiveness of an insurance company is possible provided that
systemic management work is to find and optimize the ways of its development. An
important role in this process belongs to analytical work, the methods and techniques
of which are quite diverse, at the same time uniform and not always correspond to the
peculiarities of the activity of the insurance organization. The attention was paid to the
study of methodological aspects of evaluation of the level of competitiveness and
competitive position of the insurer. Conducted evaluation of indexes of
competitiveness from data of IC "Alfa-Garant", allowed to learn the state, dynamics
and to define the key measures of increase of level of competitiveness of insurance
company. The dominants of the economic basis for ensuring the competitiveness of an
insurance company were identified.
The twelfth section “ANALYSIS AND ASSESSMENT OF INVESTMENT
SAFETY OF UKRAINE”. The theoretical and methodological foundations of
Ukraine's investment safety and its component support are presented. The formal and
doctrinal approaches to the interpretation of the investment safety of the state from the
point of view of the actual challenges to the economic development of Ukraine are
outlined. It is found out that the implementation of threats to the economic safety of
the state is preceded by a number of catalysts in particular those that have the probable
nature of the adverse phenomenon and challenges that should be considered as
potential safety barriers. Ignoring these destabilizing factors may turn into a full-
fledged threat that could seriously damage national economic interests. Monitoring of
investment safety indicators allowed to identify potential "danger zones", as well as to
- 478 -