INSTITUTIONAL FOUNDATIONS OF PUBLIC MANAGEMENT OF STATE FINANCIAL SECURITY IN UKRAINE

Abstract

Globalization of the economy, its structural changes leading to increased competition, the uncertainty of the macro environment determine the urgency of issues of ensuring financial security as a component of the economic security of the state, society, and the individual. Financial security is an element of economic and overall national security. Financial security is the state of the financial and banking system, under which the state guarantees, within certain limits, general economic and social conditions for the operation of state management institutions and market institutions. The purpose of the article is to analyze the institutional environment of state management of the state’s financial security in Ukraine. Given the relevance of the issue of financial security of the state in modern conditions at the doctrinal level, a number of scientific works are devoted to it (A. Durmanov and others; I. Britchenko, N. I. Bogomolova, O. O. Kravchenko, S. S. Pinchuk; Varnalii Z . and T. Kurylo, A. Zhuravlev, G. Javado, etc.). Corruption also plays an important role in internal threats to the financial security of the state. B.S. Malynyak, O.M. Martyniuk, O.P. Kirylenko note the impact of corruption on state spending, which varies depending on the level of democracy in the country. However, among many developments, the aspects of state management of the state’s financial security have not been given sufficient attention in scientific research. The proposed article revealed that there are certain features of public management of the financial security of the state, which are fixed by legislation. It was determined that it includes a number of bodies, institutes whose actions are aimed at creating favorable conditions for the development of the economy.The article analyzes the following components of public administration in this area: legal factors (legislative acts regulating financial relations at various levels); and an institutional component that ensures the implementation of established principles. The third component is the instrumental aspect, as methods, events created to achieve the set goal. The proposed article discloses certain features of state management of the state’s financial security, which are established by legislation. It was determined that it includes a number of bodies and institutes whose activities are aimed at creating favorable conditions for the development of the economy. The structure of institutional provision of financial security is given. The powers of subjects in the system of institutional provision of financial security are characterized, which include the President of Ukraine; Verkhovna Rada of Ukraine; Cabinet of Ministers of Ukraine; National Security and Defense Council of Ukraine; ministries and other central bodies of executive power; National Bank of Ukraine; courts of general jurisdiction; Prosecutor’s Office of Ukraine; local state administrations; The Security Service of Ukraine, the Economic Security Bureau, the National Agency of Ukraine for the Identification, Search and Management of Assets Obtained from Corruption and Other Crimes, the State Property Fund of Ukraine and others established in accordance with the laws of Ukraine. State bodies play a key role in managing the financial security of the state. They are responsible for the development and implementation of the financial security policy, coordination of the actions of various structures and organizations, ensuring the security of the state and its citizens. State bodies develop and form financial security policy, defining priorities and goals in the field of financial security. They analyze threats and risks, conduct research, develop strategies for ensuring the financial security of the state.State bodies coordinate the actions of various structures and organizations to ensure effective response to threats and risks. They create mechanisms for cooperation and exchange of information between different departments to ensure coherence and cooperation in ensuring financial security. State bodies are responsible for ensuring the financial security of the state and its citizens. They develop and implement measures to prevent and respond to threats and risks such as terrorism, crime, cyber attacks, etc. They also deal with border protection, public order and public safety. State bodies monitor and analyze the situation in the field of financial security. They collect and analyze information about potential threats and risks, conduct research and vulnerability assessment to take appropriate measures to ensure financial security. Therefore, state bodies play an important role in the state management of financial security. They form the policy of financial security, coordinate the actions of various structures and organizations, ensure the security of the state and its citizens, monitor and analyze the situation in the field of financial security.