FINANCIAL POLICY AND ITS IMPACT ON STRENGTHENING THE BUDGET SECURITY OF UKRAINE

Анотація

The article examines the financial policy of the state and its influence on strengthening the budget security of Ukraine. The content of financial policy as a component of the economic policy of the state is determined, and the impact of financial policy on the formation of budget security is determined. The main methods of influence of financial policy on budget security are considered, namely through the effective formation of the income and expenditure part of the State and local budgets. It was determined that fiscal and monetary policy, which are components of financial policy, play a significant role in the formation of budget security. The main risks that negatively affect the implementation of the state financial policy and the weakening of the level of budget security have been identified, namely fiscal risks, corruption, the shadow sector of the economy, and military operations and the country’s territory. The actions of financial authorities regarding the implementation of an effective financial policy with the aim of strengthening budget security in the conditions of a large-scale war in Ukraine are analyzed. Proposed strategic orientations and main directions of development of financial policy to strengthen the level of budgetary security of Ukraine. The relevance of this topic lies in the need to develop and implement effective financial strategies, policies and tools that will contribute to increasing financial stability and strengthening the budget security of Ukraine. Studying the influence of financial policy on budget security is a necessary prerequisite for making informed decisions and developing effective strategies in managing the countrys financial resources. Thus, in connection with globalization, economic difficulties, internal obstacles and military actions on the territory of the country, financial policy becomes a key tool in ensuring the stability and efficiency of the country’s budget system, as well as strengthening the budget security of Ukraine.

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