Financial and Economic Mechanisms of Public Governance for Strengthening Territorial Community Resilience

This study aims to substantiate the theoretical and methodological foundations and offer practical recommendations for developing an effective financial and economic mechanism of public governance that enhances the resilience of territorial communities. The research critically examines existing conceptual approaches to the notion of «community resilience» within the framework of public administration, interpreting it as the integrated ability of territorial communities to adapt to external destabilizing conditions while maintaining functional continuity, social cohesion, and economic viability. The study identifies the institutional architecture of key stakeholders involved in shaping and implementing this mechanism - including state authorities, local self-government, business entities, and civil society organizations - and delineates their respective roles in fostering fiscal autonomy, improving administrative efficiency, and establishing a conducive investment environment. Special emphasis is placed on collaborative governance models that enable resource mobilization through subsidiarity and ensure strategic coherence between development goals and financial instruments. The empirical analysis employs a multiple linear regression model to assess the influence of various financial and institutional factors on per capita local budget revenues. The results confirm statistically significant correlations with administrative expenditures, levels of fiscal dependency, intergovernmental transfers, and capital investments. The findings suggest that the institutional capacity of local governments strengthens financial sustainability, while over-dependence on external transfers constrains fiscal autonomy. The study highlights cross-sectoral synergy as a critical enabler of community adaptation to multidimensional risks. Practical recommendations include the introduction of risk-informed budgeting, expansion of public-private partnerships, refinement of legal frameworks to support entrepreneurial initiatives, and enhancement of inter-municipal cooperation as a strategic tool for resilient and sustainable local development.

⓿ Integrates fiscal policy and governance tools to enhance adaptive capacity and socioeconomic stability in local communities.

⓿ Analyzes public investment strategies and budgetary frameworks that promote resilience against economic shocks and environmental risks.

⓿ Proposes multi-level governance models that align financial planning with participatory decision-making for sustainable territorial development.