Digital technologies are a new vector for the development of public finance

The article examines the development and change of procedures and methods for managing state finances under the influence of the digital transformation of the economy. It is substantiated that the most important tool for improving the quality of public financial management in today’s realities is information technology, which allows one to automate the budget process, ensure the interaction of government agencies both among themselves and with business and the population in real time, simulate economic models and make forecasts, which is a serious step forward towards financial stability and sustainability of the state. Examples are given confirming that the digital ecosystem makes it possible to unite all participants in the budget process into a single digital space at the stages of its planning, approval, execution, current and subsequent control. The main emphasis in the article is on the consideration of the advantages and opportunities provided by the State Integrated Information Management System by public finance “Electronic Budget”, as well as digitalization of tax payments administration.