Issue №: 4 (70)
The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.
FINANCIAL POLICY OF MANAGING THE PUBLIC DEBT OF UKRAINE UNDER THE CONDITIONS OF MARITAL STATE
VDOVENKO Larysa – Doctor of Economics Science, Professor, Head of the Department of Finance, Banking and Insurance, Vinnytsia National Agrarian University (21008, Vinnytsia, 3, Soniachna Str., e-mail: vdovenko_larisa@i.ua).
The article reveals the problematic issues in the sphere of public debt of Ukraine. It reveals the economic content and components of the state debt, analyzes the causes, risks and consequences of its growth under martial law. It is substantiated that the level of public debt largely depends on the state budget, the lack of funds, which increases the need for state regulations. The growth of the state debt to the growth of expenses for servicing and repayment of debts, which in case of inefficient management is an unbearable burden for the state budget.
An analysis of the volume and structure of the state debt of Ukraine in 2020-2024 was carried out, which showed an increase in the external debt of Ukraine, the share of which in the structure of the total state debt dynamically increased by 59.5% in 2020. to 71.8% in 2024 (as of November 30).
It has been established that in the current conditions of russia’s full-scale war against our country, thanks to the world support, Ukraine has extraordinary opportunities to attract loans and provide long-term preferential conditions. An uncontrolled increase in the state debt is a threat to the state’s loss of financial stability and stability of the state of the economy and growth from some creditors. Analysis showed dynamic growth of Ukraine's public debt from 48.9% of GDP in 2021 to 84.4% of GDP in 2023, which exceeds its maximum size. The growth of the state debt increases the debt pressure on the state budget, which in conditions of economic recession, reduction of economic activity and investments due to significant expenses for defense capability, social support of the population affected by the war.
Financial policy measures in the field of public debt under martial law should be aimed at ensuring stability and effective use of budget funds for urgent needs. The issue of monitoring the main indicators and indicators of debt security remains relevant, which will contribute to making the right decisions in the field of reducing the debt burden on the state budget now and in the war economy.
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4. Liamzina, O.V., & Garbinska-Rudenko, A.V. (2022). Poniatia ta znachenia derzhavnoho borgu Ukrainy v umovah vojenoho stanu [The concept and significance of the national debt of Ukraine in the conditions of martial law]. Analityczno-porivnialne pravoznavstvo – Analytical and comparative jurisprudence, 4, 259-263. DOI: https://doi.org/10.24144/2788-6018.2022.04.47 [in Ukrainian].
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About journal
051 Economics
071 Accounting and taxation
072 Finance, banking and insurance
073 Management
075 Marketing
076 Business, trade and exchange activities
241 Hotel, restaurant and catering
281 Public administration
The journal “Economy, finances, management: Topical issues of science and practice” is included in the "List of Scientific Professional Editions of Ukraine".
The scientific edition is assigned the Category "Б" in the field of economics in specialties 051, 071, 072, 073, 075, 076, 241, 281
(Order of the Ministry of Education and Science of Ukraine No. 249, March 17, 2020).
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The editorial board of the journal is guided by the principles of scientific, objectivity, professionalism, informational support of the most significant innovative researches, observance of standards of publishing ethics.
The purpose of the journal "Economics, finances, management: Topical issues of science and practical activity» is the coverage of leading scientific ideas in the economic, financial and management activities of the sectors of the national economy and the involvement of representatives of the domestic and foreign scientific professional community.
Objectives of the journal:
- publication of research findings on innovation in the economy, financial and management spheres, innovation of production processes;
- expanding partnerships with international scientific publishing organizations;
- enhancing the culture of reviewing and annotating published material;
- adherence to editorial ethics.
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It was founded in 1997 under the name "Bulletin of the Vinnytsia State Agricultural Institute". In 2010-2014 he was published under the title “Collection of scientific works of Vinnitsa National Agrarian University”.
From 2015 ”Economy, finances, management: Topical issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 of PR as of December 31, 2014)
According to the decision of National Council of Television and Radio Broadcasting of Ukraine from 25.04.2024 No. 1337 the scientific journal «Economy, finances, management: topical issues of science and practical activity» has the ID of the Media R30-05171.
