FISCAL POLICY IN THE CONTEXT OF TECHNOLOGICAL CONVERGENCE: ECONOMIC ASSESSMENT

Abstract

The article examines the interrelationship between technological convergence processes and fiscal policy in the context of the digital transformation of the economy. Based on the analysis of the 3C Framework (combination, convergence, and compounding) proposed by the World Economic Forum in 2025, this paper explores mechanisms for adapting fiscal instruments to new technological realities. It is determined that integrating advanced technologies, including artificial intelligence, quantum computing, and engineering biology, creates new challenges for fiscal systems, particularly through changes in value creation, business models, and capital mobility. Key risks to fiscal sustainability are systematized, including tax base erosion, difficulties in identifying the location of income generation, and the growing importance of intangible assets. The need to transform approaches to the taxation of digital companies is substantiated, especially in the context of implementing the OECD’s Pillar One and Pillar Two initiatives to ensure a fair distribution of tax revenues and reduce aggressive tax planning. The paper analyzes contemporary scientific approaches to the economic assessment of technological convergence's impact on fiscal policy, enabling the identification of key indicators of the effectiveness of fiscal instruments in the context of digitalization. An integrated approach to fiscal policy formation is proposed, combining innovation stimulation, support for high-tech sectors, and maintenance of long-term fiscal sustainability. It is argued that adapting fiscal policy to technological convergence enhances economic competitiveness and improves the efficiency of public governance.