FOREIGN EXPERIENCE IN IMPROVING THE ACTIVITIES OF TARGETED AND SOCIAL FUNDS IN THE SOCIAL SPHERE

Abstract

This article describes social funds and trust funds, their activities with a comparative analysis of foreign experience. Each trust fund, whether formed at a separate government level or within a structure, must be completely independent, open and transparent to taxpayers. Only then will these funds be able to attract not only taxes and fees, but also local and international sponsorship funds. When determining trust funds, it is necessary to take into account that trust funds are a structural element of the state financial system and have a number of unique characteristics. Trust funds are a form of redistribution and use of financial resources, which are sometimes attracted by the state to finance social needs and are used in an integrated manner on the basis of operational independence. At a time when various sectors of the economy are developing, public-private partnerships have become widespread in a number of countries around the world, in the USA, Canada, EU countries, Australia, India and other developed countries. Public-private partnerships are used nationally and internationally to provide private funding for government and other projects.