OPTIMIZATION OF ADMINISTRATIVE EXPENSES OF THE SOCIAL INSURANCE SYSTEM

Abstract

The system of meeting social needs around the world faces serious obstacles in providing high-quality services in conditions of uncertainty: limited financial resources, growing needs for social support, insufficient infrastructure and requires significant administrative costs.

The main task of State social insurance institutions is to develop solidarity principles aimed at ensuring the stability of the formation and achievement of the required amount of budget and extra-budgetary funds revenues and the effective use of available financial resources.

This article describes various aspects of optimizing the costs of meeting social needs in the context of digital transformation, which is necessary for the functioning of an integrated system of meeting social needs, including a budget, non-commercial mutual insurance institutions, a business ecosystem based on digital and financial convergence