Tendencies in the Development of Structural Components of Ukraine’s Financial Security

Abstract

The article is aimed at studying the current tendencies in the development of structural components of Ukraine’s financial security in the context of modern transformations characterized by certain positive developments that lead to an increase in the country’s financial security. The financial security components, such as banking security, security of the non-bank financial sector, debt security, budget security, currency and money-and-credit security are allocated. The budget security, debt security, currency and money-and-credit security of Ukraine are thoroughly considered and analyzed in detail. It is noted that the ability of the State to implement financial policies on its own in accordance with national interests is at the heart of the financial security of the State and is especially exacerbated in the context of globalization processes. Since the globalization process has a dual impact on the development of the financial system, the article especially focuses on studying the tendencies of the components of the country’s financial security at the current stage of development. The need to create a new law enforcement agency, which will implement the State policy on prevention, detection, suppression, investigation and disclosure of criminal crimes in the sphere of finance, i.e., help to eliminate systemic threats in the public finances sphere, is substantiated. Prospect for further research in this direction, taking into account the existing threats posed by globalization, namely: corruption, economic instability, inflation, is to determine such ways of reforming tax systems that will reduce the tax burden on producers and reduce the level of the shadow economy.

Keywords

• public finances
• financial system
• financial security
• budget security
• debt security
• cuurency security and money-and-credit security
• government debt
• deficit