Issues of Using Artificial Intelligence in the Framework of Public Finance

Abstract

There are positive trends in the financial sector to actively enter digital transformation processes. One of the trends in improving the efficiency of public finance management is the study of the prospects of using artificial intelligence (AI), considering the best Western practices and priority areas developed in national strategies. Theoretical and practical understanding of new approaches to the use of high information technologies and digitalization of all fields of economic activity requires identifying the features of the use of AI in the public finance system. In this regard, the authors put forward and substantiated a hypothesis about the actualization of AI use in the public finance system: in the field of creating flexible and adaptive information technologies for the development of electronic interaction in the context of a new accounting and technological model; within the application of AI in the social sector by creating a new Unified Digital Social Security Platform; wider use of digital technologies and AI in the activities of tax and customs authorities.