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The purpose of the article is to substantiate the theoretical and methodological foundations for the development of business entities and to develop practical recommendations based on the world experience of functioning in the context of transformation of interbudgetary and financial relations. To achieve this goal, the author sets the following tasks: to determine the peculiarities of business entities' activities at the present stage; to summarize the characteristics of business entities' development in the context of transformation of interbudgetary relations; to characterize financial and budgetary relations at the level of a specific business entity, taking into account budgeting as a system; to propose directions for modernization of financial and budgetary relations with a view to harmonizing the interests of business entities and adapting to the tools of program-targeted management. The priority and effective tools for the development of business entities under martial law are as follows: the introduction of a system of state support that allows to start and, in some cases, accelerate the restoration and modernization of the material base. The author proposes directions for improving the budgeting process on the example of a particular enterprise. [ABSTRACT FROM AUTHOR]