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FINANCIAL SUPPORT FOR THE ECONOMY DEVELOPMENT OF UKRAINE.

Authors :
Chugunov, Igor
Makohon, Valentyna
Titarchuk, Mykhailo
Nychyk, Vladyslav
Hrehul, Volodymyr
Source :
Financial & Credit Activity: Problems of Theory & Practice; 2024, Vol. 1 Issue 54, p307-315, 9p
Publication Year :
2024

Abstract

Preserving the fiscal and financial stability of countries, and supporting economic recovery in order to create conditions for the sustainable growth of a socially inclusive economy is a strategic task of state institutions under martial law. Despite the unpredictability that Ukraine faces in war conditions, it is important to develop a constructive financial instrument for the recovery of the country's economy now. The research is based on the hypothesis that defining the conceptual foundations of financial support for the recovery of the Ukrainian economy, raising the quality level of the financial risk management mechanism, and minimizing their consequences, will help ensure macrofinancial stability. General scientific and special methods are used, namely: dialectical, complex analysis, scientific generalization, selective, scientific abstraction, economic and statistical. Provisions regarding international financial instruments for the economic recovery of Ukraine's economy have been disclosed. A study of the main problems in the financial sphere, which must be solved in the context of the recovery of Ukraine, was carried out. The peculiarities of the implementation of the state programs "Affordable loans 5-7-9%" and "Affordable financial leasing 5-7-9%" are revealed, which play an important role in supporting entrepreneurial activity and ensuring the country's economic security as a necessary prerequisite for ensuring financial stability and recovery countries. It is substantiated that the formation of holistic approaches to the financial support of the restoration of Ukraine, the determination of measures and criteria for the implementation of the state's financial policy will contribute to the solution of the systemic problems facing the state at this stage. Important tasks are: ensuring fiscal and financial stability; neutralization of the influence of negative factors on the financial system; prevention of hidden capital outflow; effective attraction and use of state loans; prevention of legalization of illegally obtained income; ensuring rational distribution and effective use of state financial resources. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
23064994
Volume :
1
Issue :
54
Database :
Complementary Index
Journal :
Financial & Credit Activity: Problems of Theory & Practice
Publication Type :
Academic Journal
Accession number :
176085199
Full Text :
https://doi.org/10.55643/fcaptp.1.54.2024.4253