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Finance and Credit
 

Digitalization of financial management in public institutions: Assessment of the state and development trends

ISSUE 4, APRIL 2026

PDF  Article PDF Version

Received: 24 November 2025

Accepted: 22 December 2025

Available online: 29 April 2026

Subject Heading: Financial system

JEL Classification: H50, H57, H61, H72

Pages: 208-220

https://doi.org/10.24891/laqslr

Sergei S. POLYAKOV Saint-Petersburg State Economic University (SPbSEU), St. Petersburg, Russian Federation
sergey.s.polyakov@gmail.com

ORCID id: not available

Marzhinat I. KANKULOVA Corresponding author, Saint-Petersburg State Economic University (SPbSEU), St. Petersburg, Russian Federation
kankulova@mail.ru

https://orcid.org/0000-0001-8452-3367

Subject. Digitalization of financial management in public institutions: methodology and practice of planning the financial and economic activities of budgetary and autonomous institutions in a Russian region, with a focus on information-analytical and software support.
Objectives. To identify shortcomings in platform solutions for automating the financial and economic processes of budgetary and autonomous institutions in a Russian region. To determine trends in the development of digitalization of financial management.
Methods. General scientific research methods were employed. The empirical base was formed using data from regional authorities and their subordinate institutions relevant to the research topic.
Results. An original approach to modernizing the automated information system has been developed. Implementing the proposed approach enables a shift from fragmented management of budgetary data to an integrated one, minimizes manual operations, and ensures consistency of information at all stages of the budgetary process.
Conclusions and Relevance. The original approach to modernizing the automated information system provides a foundation for improving the quality of financial planning and enhancing the efficiency of managerial decision-making. The proposed approach can be used by regional authorities in Russia to regulate the financial and economic activities of budgetary and autonomous institutions.

Keywords: management, transformation, digitalization, State, budget

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