ECONOMIC AND LEGAL MECHANISM FOR THE FORMATION AND IMPLEMENTATION OF THE STATE’S FINANCIAL POLICY IN THE CONDITIONS OF THE RUSSIAN-UKRAINIAN WAR
The purpose of the article is to study the theoretical and applied principles and identify problematic aspects of the economic and legal mechanism and the peculiarities of the formation and implementation of the state's financial policy in the conditions of the Russian-Ukrainian war. The resul...
Saved in:
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
FINTECH Alliance LLC
2022-12-01
|
| Series: | Фінансово-кредитна діяльність: проблеми теорії та практики |
| Subjects: | |
| Online Access: | https://fkd.net.ua/index.php/fkd/article/view/3935 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850160381082730496 |
|---|---|
| author | Марія Бліхар Леся Ваолевська Наталія Ортинська Марія Вінічук Мар’яна Кащук |
| author_facet | Марія Бліхар Леся Ваолевська Наталія Ортинська Марія Вінічук Мар’яна Кащук |
| author_sort | Марія Бліхар |
| collection | DOAJ |
| description |
The purpose of the article is to study the theoretical and applied principles and identify problematic aspects of the economic and legal mechanism and the peculiarities of the formation and implementation of the state's financial policy in the conditions of the Russian-Ukrainian war. The results of the conducted research made it possible to establish that the formation and implementation of the financial policy of Ukraine are under the influence of significant destabilizing factors.
Significant problems regarding the formation and implementation of the financial policy of Ukraine were identified, in particular: the strengthening of the negative impact of inflationary factors, a significant decrease in the volume of the country's GDP, increased instability of the exchange rate and risks of devaluation of the national monetary unit, an increase in the volume of money supply in circulation, a decrease in the volume of gold and currency reserves, as well as problems of planning and forecasting the parameters of the formation and implementation of the financial policy of the state in the conditions of the Russian-Ukrainian war. The deviation of the values of Ukraine's financial indicators from the normative values, which testify to the critical drop of the country's GDP in the conditions of military resistance to the armed aggression of the Russian Federation to -45.1%, the increase in the inflation rate to 115%, the increase in the volume of money supply in circulation by all aggregates, the decrease in the level of economy monetization up to 38% and gold and currency reserves up to 25.24 billion US dollars, as well as an increase in the poverty level of the population up to 42%, is proved. It is proposed to improve the economic and legal mechanism for the formation and implementation of the financial policy of the state, taking into account the factors of the state of war in the country, to direct the main efforts to the timely detection and prevention of risks and threats of a financial nature, as well as to stabilize the banking, monetary and credit, budget and currency systems.
|
| format | Article |
| id | doaj-art-c42d1457dd7d4a5cbad4cb79b93be0da |
| institution | OA Journals |
| issn | 2306-4994 2310-8770 |
| language | English |
| publishDate | 2022-12-01 |
| publisher | FINTECH Alliance LLC |
| record_format | Article |
| series | Фінансово-кредитна діяльність: проблеми теорії та практики |
| spelling | doaj-art-c42d1457dd7d4a5cbad4cb79b93be0da2025-08-20T02:23:09ZengFINTECH Alliance LLCФінансово-кредитна діяльність: проблеми теорії та практики2306-49942310-87702022-12-0164710.55643/fcaptp.6.47.2022.3935ECONOMIC AND LEGAL MECHANISM FOR THE FORMATION AND IMPLEMENTATION OF THE STATE’S FINANCIAL POLICY IN THE CONDITIONS OF THE RUSSIAN-UKRAINIAN WARМарія Бліхар0Леся Ваолевська 1Наталія Ортинська 2Марія Вінічук 3Мар’яна Кащук 4Candidate of Economic Sciences, D.Sc. of Law, Professor of the Department of Administrative and Informational Law, Institute of Jurisprudence, Psychology and Innovative Education, Lviv Polytechnic National University, Lviv, UkraineD.Sc. of Law, Professor, Head of the Research Service of the Verkhovna Rada of Ukraine, Kyiv, UkraineD.Sc. of Law, Associate Professor of the Department of Law Theory and Constitutionalism, Institute of Jurisprudence, Psychology and Innovative Education, Lviv Polytechnic National University, Lviv, UkraineCandidate of Economic Sciences, Associate Professor of the Department of Finance and Accounting of Institute of Management, Psychology and Security, Lviv State University of Internal Affairs, Lviv, UkraineCandidate of Pedagogical Sciences, Associate Professor of the Department of Foreign Languages and the Culture of Professional Speech, Lviv State University of Internal Affairs, Lviv, Ukraine The purpose of the article is to study the theoretical and applied principles and identify problematic aspects of the economic and legal mechanism and the peculiarities of the formation and implementation of the state's financial policy in the conditions of the Russian-Ukrainian war. The results of the conducted research made it possible to establish that the formation and implementation of the financial policy of Ukraine are under the influence of significant destabilizing factors. Significant problems regarding the formation and implementation of the financial policy of Ukraine were identified, in particular: the strengthening of the negative impact of inflationary factors, a significant decrease in the volume of the country's GDP, increased instability of the exchange rate and risks of devaluation of the national monetary unit, an increase in the volume of money supply in circulation, a decrease in the volume of gold and currency reserves, as well as problems of planning and forecasting the parameters of the formation and implementation of the financial policy of the state in the conditions of the Russian-Ukrainian war. The deviation of the values of Ukraine's financial indicators from the normative values, which testify to the critical drop of the country's GDP in the conditions of military resistance to the armed aggression of the Russian Federation to -45.1%, the increase in the inflation rate to 115%, the increase in the volume of money supply in circulation by all aggregates, the decrease in the level of economy monetization up to 38% and gold and currency reserves up to 25.24 billion US dollars, as well as an increase in the poverty level of the population up to 42%, is proved. It is proposed to improve the economic and legal mechanism for the formation and implementation of the financial policy of the state, taking into account the factors of the state of war in the country, to direct the main efforts to the timely detection and prevention of risks and threats of a financial nature, as well as to stabilize the banking, monetary and credit, budget and currency systems. https://fkd.net.ua/index.php/fkd/article/view/3935financial systemfinancial policyeconomic and legal mechanismfinancial resourcesfinancial indicators |
| spellingShingle | Марія Бліхар Леся Ваолевська Наталія Ортинська Марія Вінічук Мар’яна Кащук ECONOMIC AND LEGAL MECHANISM FOR THE FORMATION AND IMPLEMENTATION OF THE STATE’S FINANCIAL POLICY IN THE CONDITIONS OF THE RUSSIAN-UKRAINIAN WAR Фінансово-кредитна діяльність: проблеми теорії та практики financial system financial policy economic and legal mechanism financial resources financial indicators |
| title | ECONOMIC AND LEGAL MECHANISM FOR THE FORMATION AND IMPLEMENTATION OF THE STATE’S FINANCIAL POLICY IN THE CONDITIONS OF THE RUSSIAN-UKRAINIAN WAR |
| title_full | ECONOMIC AND LEGAL MECHANISM FOR THE FORMATION AND IMPLEMENTATION OF THE STATE’S FINANCIAL POLICY IN THE CONDITIONS OF THE RUSSIAN-UKRAINIAN WAR |
| title_fullStr | ECONOMIC AND LEGAL MECHANISM FOR THE FORMATION AND IMPLEMENTATION OF THE STATE’S FINANCIAL POLICY IN THE CONDITIONS OF THE RUSSIAN-UKRAINIAN WAR |
| title_full_unstemmed | ECONOMIC AND LEGAL MECHANISM FOR THE FORMATION AND IMPLEMENTATION OF THE STATE’S FINANCIAL POLICY IN THE CONDITIONS OF THE RUSSIAN-UKRAINIAN WAR |
| title_short | ECONOMIC AND LEGAL MECHANISM FOR THE FORMATION AND IMPLEMENTATION OF THE STATE’S FINANCIAL POLICY IN THE CONDITIONS OF THE RUSSIAN-UKRAINIAN WAR |
| title_sort | economic and legal mechanism for the formation and implementation of the state s financial policy in the conditions of the russian ukrainian war |
| topic | financial system financial policy economic and legal mechanism financial resources financial indicators |
| url | https://fkd.net.ua/index.php/fkd/article/view/3935 |
| work_keys_str_mv | AT maríâblíhar economicandlegalmechanismfortheformationandimplementationofthestatesfinancialpolicyintheconditionsoftherussianukrainianwar AT lesâvaolevsʹka economicandlegalmechanismfortheformationandimplementationofthestatesfinancialpolicyintheconditionsoftherussianukrainianwar AT natalíâortinsʹka economicandlegalmechanismfortheformationandimplementationofthestatesfinancialpolicyintheconditionsoftherussianukrainianwar AT maríâvíníčuk economicandlegalmechanismfortheformationandimplementationofthestatesfinancialpolicyintheconditionsoftherussianukrainianwar AT marânakaŝuk economicandlegalmechanismfortheformationandimplementationofthestatesfinancialpolicyintheconditionsoftherussianukrainianwar |