Economy, finances, management: topical issues of science and practical activity

SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY

Issue №: 4 (70)

Published: 2025.02.22

DOI: 10.37128/2411-4413-2024-4

Description:
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.

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FINANCIAL POLICY OF MANAGING THE PUBLIC DEBT OF UKRAINE UNDER THE CONDITIONS OF MARITAL STATE

DOI: 10.37128/2411-4413-2024-4-2

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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).

Annotation

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.

Keywords: public debt, government borrowing, debt security, foreign and domestic debt, debt security, state budget, gross domestic product (GDP), GDP growth rate, budget deficit

List of references

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About the journal

Topics of the journal:

С1 Economics and International Economic Relations (by specialization)

D1 Accounting and Taxation

D2 Finance, Banking, Insurance and Stock Market

D3 Management

D4 Public Management and Administration

D5 Marketing

D7 Trade

J3 Tourism and Recreation

Keywords: economics , international economic relations , accounting , taxation , finance , banking , insurance , stock market , management , public management and administration , marketing , trade , tourism and recreation

Key information:

ISSN (print): 2411-4413

DOI: 10.37128

All-Ukrainian scientific and production journal “Economics, finance, management: topical issues of science and practical activity” is a peer-reviewed open-access journal that publishes original research, theoretical articles and reviews on a wide range of economic and business issues. The articles, which have scientific and scientific-practical significance, highlight theoretical and methodological aspects of the development of agrarian sector of economy and related industries, the results of fundamental and applied research.

The purpose of the journal is to highlight the results of fundamental and applied research in the field of economic sciences, aimed at developing modern approaches to managing economic processes, financial support for enterprise activities and increasing the efficiency of economic systems. The publication is focused on creating a scientific environment for the exchange of research results between scientists, higher education students and practitioners in economic sphere, as well as on the dissemination of modern scientific and methodological approaches to solving current economic and management problems. The journal contributes to the development of the research in the field of enterprise economics, finance, accounting, auditing, management, marketing, entrepreneurship, trade, tourism and recreation, public management and administration, economic development and international economic relations, which meets the modern needs of the socio-economic development of the state.

The journal’s objectives are:

• publishing the results of fundamental and applied research in the fields of economics, international economic relations, finance, management, public administration, accounting, marketing, tourism and recreation, and entrepreneurship;

• promoting the development of modern methods of managing enterprises and organizations, increasing the efficiency of using financial and material resources;

• supporting the research aimed at improving the economic mechanisms of enterprise functioning, developing innovative activity, and increasing the competitiveness of economic structures;

• ensuring the scientific exchange of research results between higher education institutions, scientific institutions, and business entities;

• developing methods of economic analysis, forecasting, and modeling of socio-economic processes;

• disseminating of modern approaches to financial management, accounting, taxation, and control of economic activity;

• promoting the development of interdisciplinary research related to the economic support of the development of agrarian sector of economy and rural areas;

• integration of scientific research results into the international scientific space and increasing the level of scientific communication.

Publisher: Vinnytsia National Agrarian University

Link to the journal on the publisher’s website: ”Economics, finance, management: topical issues of science and practical activity”

Frequency of issue: 4 times a year.

Language of publication: Ukrainian, English.

Editor-in-Chief: Inna Honcharuk

State registration: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1337 and No. 1178. Media identifier – R30-05171. Publisher registration number (EDRPOU) 00497236.

Publisher’s ROR: https://ror.org/05m3ysc06 Publisher’s DOI prefix: 10.37128 ISSN (print): 2411-4413

Publisher DOI prefix: 10.37128 ISSN (print): 2411-4413

The scientific journal is included in category "B" of the List of scientific professional publications of Ukraine, in which the results of dissertations for the degree of Doctor and Candidate of Sciences in the specialties C1 (051) - Economics, D1 (071) - Accounting and Taxation, D2 (072) – Finance, Banking, Insurance and Stock Market, D3 (073) – Management, D5 (075) – Marketing, D7 (076) – Entrepreneurship and Trade, (241) – Hotel and Restaurant Business, D4 (281) – Public Management and Administration (Order of the Ministry of Education and Science of Ukraine dated March 17, 2020 №409)

History of journal:

History of the journal:

Founded in 1997 under the name ”Bulletin of Vinnytsia State Agricultural Institute”. In 2010-2014 it was published under the name “Collection of Scientific Papers of Vinnytsia National Agrarian University”. Since 2015 “Economics, finance, management: current issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 PR dated 12/31/2014).