THE BUDGETARY SYSTEM OF UKRAINE: PROBLEM ISSUES AND DEVELOPMENT TRENDS UNDER THE CONDITIONS OF MARITAL STATE

Abstract

Introduction. The current period of socio-economic development of Ukraine is characterized by the most significant complexes of risks and threats during the entire period of its existence. Under such complex socio-political conditions, all aspects of the state's activities to ensure overcoming of negative external and internal influences, tendencies to decrease economic development become extremely important. The budget policy is one of the most important components of the state's financial policy, it determines the long-term trends of economic development, the effectiveness of the financial mechanism, financial security, etc. The financial system of Ukraine experienced more than one crisis. The cause of the new and largest crisis was the full-scale invasion of the Russian Federation into Ukraine, which began at the end of February 2022. Therefore, the research of the state of the financial system of Ukraine in the conditions of the war is a very urgent task. Methods. The theoretical and methodological basis of this scientific research is a systematic approach and a dialectical method of knowledge regarding the study of economic and financial phenomena, current international legislation and the legislation of Ukraine, thorough scientific works of researchers on the theoretical and methodological foundations of the implementation of the budgetary policy of Ukraine in the conditions of martial law, the determination of the direction of the budgetary Ukraine's policy in conditions of uncertainty and its adaptation to crisis conditions. In the research process, the bibliographic method was used (elaboration of literary sources related to the topic of the budget system of the state); method of associations and analogies (for proposed new ideas and proposals for the development of budget policy), historical (historical aspect of the process of public administration, reforming the budget mechanism and its components, taking into account own experience and the experience of countries of the world), etc. The results. As a result of research on the formation and transformation of the conceptual foundations of the budget policy of Ukraine in the crisis period, a number of problems were identified, among which the following are noted: specific dangers and threats of the budget policy in the crisis period, the uncertainty of budget processes in Ukraine, the lack of qualified personnel; crisis phenomena are related to the military situation in the country and the need to solve the priority tasks of determining the direction of the budget system, which lie in the plane of the formation of the revenue and expenditure parts of the budgets. It has been established that under the conditions of globalization and integration processes, the active implementation of budgeting will contribute to strengthening the relationship between the strategic goals of the state's development and the results of the activities of state authorities, local governments and other participants in the budgeting process. This requires both the introduction of new modern technologies of public finance management, including budgeting, and the improvement of the budget process itself in the country. Prospects. The following studies should be aimed at developing a clear system of state program and forecast documents, on the basis of which the state and local budgets for the next year and the medium-term perspective are formed. Their list should be structured by term of validity (short-, medium- and long-term), and include documents related to the regional aspect, and at the same time comply with the principle of sufficiency (ie, the optimal number of documents). It is recommended to introduce a single method of medium-term planning based on medium-term forecasting of the resource and expenditure part of the budget and the system of interbudgetary transfers.