Financial security of Ukraine

Abstract

The issue of ensuring financial security and its components in any country is extremely urgent. This is due to the fact that the modern requirements for creating a sustainable development of the economy of the country require considerable global actions of the state, related to a wide range of reform issues, which are impossible without the financial state. Financial security needs to be more flexible and responsive to the transformation of internal and external threats. Insufficient financial security is accompanied by destabilization of public finances, which can lead to the withdrawal of capital abroad, the devaluation of the national currency, the balance of payments crisis, the growth of the budget deficit and the national debt. The economy of any country in the course of its development undergoes significant changes due to such factors as political, technical, technological, and social phenomena. In today's economic development, ensuring the financial security of the country is one of the important components of its financial policy. For countries that do not have solid public finance systems, this issue is particularly relevant. First of all, this concerns Ukraine. This is due to the fact that the modern requirements for creating a sustainable development of the economy of the country require considerable global actions of the state, related to a wide range of reform issues, which are impossible without ensuring the financial security of the state. The article deals with the problems of financial security of Ukraine and prospects of development of this area.The solution to these problems should be based on a reliable and effective system of protection of the national interests of the state. Financial security should be understood as protecting the national interests of the financial and credit sector from the effects of internal and external threats.

Keywords

• financial security
• financial security components
• indicator
• stability
• ukraine