NATIONAL INTERESTS OF UKRAINE IN THE FIELD OF FINANCIAL SECURITY

Authors

DOI:

https://doi.org/10.62664/cpa.2024.01.21

Keywords:

national interests, national security, financial security, financial system, economic system, public administration.

Abstract

The article investigates the system of financial security in Ukraine and its national interests in this domain. It proposes to consider the financial security of the state as ensuring the development of the financial system and financial relations, as well as economic processes, creating the necessary financial conditions for the socio-economic and financial stability of Ukraine's development, maintaining the integrity and unity of the financial system (including the monetary, budgetary, credit, tax, and currency systems), and successfully overcoming internal and external threats to the country in the financial sphere.

It is substantiated that financial security reflects the state and readiness of the state's financial system for timely and reliable financial support of economic needs on a scale sufficient to maintain the necessary level of economic and military security of Ukraine.

It is proven that the most important national interests of Ukraine in the financial sphere include: supporting state expenditures in accordance with available resources; ensuring targeted financing of state programs (primarily social ones); investing in the field of high-tech and knowledge-intensive production; mitigating the impact of global financial crises on the national economy; overcoming discrepancies regarding the distribution and use of budgetary resources; strengthening measures to restrain inflationary processes in the economy and maintaining a stable high exchange rate of the national currency; countering illegal capital outflow abroad; attracting foreign investments (especially long-term ones in the industrial sector of the economy); adopting effective regulatory legal acts ensuring the normal functioning of the country's financial system; building an effective law enforcement mechanism to protect state finances from the influence of criminal activities and encroachments.

References

Sharyi, V. (2019). Ensuring mechanism of Ukraine’s economic security / Khudolei V., Ponomarenko T. and other. Development of the innovative environmental and economic system in Ukraine : [collective monograph] / in edition V. Khudolei, T. Ponomarenko. OKTAN PRINT s.r.o. Czech Republic. 496 p. [in English]

Sharyi, V., Supriaha, O. & Kalinichenko, B. (2023). Resolution of investment conflicts between the state and foreign companies in the context of crisis prevention. Social & Legal Studios. № 6 (4), 200–207. DOI: https://doi.org/10.32518/sals4.2023.200 [in English]

Sharyi, Viacheslav I., Samoilenko, Larysa Ya., Ovcharenko, Angelyka O. (2019). Strategic priorities of States in the Black Sea region. ASERS Publishing. Journal of Advanced Research in Law and Economics. Volume X. Issue 6 (44), 1786–1793. DOI: https://doi.org/10.14505/jarle. [in English]

Published

2024-07-31

Issue

Section

Articles

How to Cite

NATIONAL INTERESTS OF UKRAINE IN THE FIELD OF FINANCIAL SECURITY . (2024). Coordinates of Public Administration, 1, 459-476. https://doi.org/10.62664/cpa.2024.01.21