Prospects for Improving Treasury Execution of the State Budget in the Digital Economy

The article researches the possibilities for improving the treasury implementation of public financial management in accounting systems of the state capital in the new economic relations in the conditions of the shadow economy and global processes of the digital economy. It examines main vectors of the digital transformation of treasury functions such as the application of integrated public financial management information systems, automation of cash execution, the construction of the Treasury Single Account and digital instruments of financial control. By comparing treasury tools used before and after digitalization, the paper delivers the key impact areas of digital transformation: preserving transparency of budget operations and improving the operational cost and budget flows management. The conclusion of the study is that digital technologies adoption should be comprehensive and multi-phase to realize the expected gains in efficiency in public financial management.