EXTERNAL LOANS AND FINANCIAL AID AS A GOVERNMENT OBJECTS IN UKRAINE

Abstract

The article examines the theoretical issues of the emergence of foreign borrowing and financial obligations as an object of the public administration system in the context of reforming public administration and administration in Ukraine. Disclosed categories and public relations in the field of public administration in the context of risk management in modern difficult conditions of public debt management, in particular, theoretical achievements and views of scientists on the state and objectives of the management system in reducing public debt risks and reducing national economic security are investigated. The purpose of the article. This paper aims to clarify the essence of the concepts «external loans», «financial assistance», «management mechanisms» and «public administration in the sphere of external and internal loans» as economic and managerial categories, the definition of which is associated with the use of modern public administration in country. Scientific novelty. In the work with the use of modern scientific methods, statistics, economics, taking into account the latest achievements of public administration science, theoretical issues of the management process in the field of foreign loans and financial obligations as an object of the public administration system in the context of reforming the public administration and administration system in Ukraine are investigated. The theoretical understanding of the content of the categories «external loans», «financial assistance», «management mechanisms» and «public administration in the field of foreign loans» is substantiated. They are considered as economic and managerial categories, namely, as mechanisms and their constituent tools of public administration and administration, which assume effective financial control over the activities of all subjects of macroeconomic management in this area of the national economy. The article conducted a study of the directions of modernization of the management institute and theoretically proved the need to improve management mechanisms in the field of public financial loans, reduce risk and strengthen the institutional capacity of government bodies in this area in Ukraine. Conclusions. As a result of the work, well-founded scientific provisions for improving the use in the management practice of the principle of balanced development, which should be based on a new economic and managerial paradigm regarding the appropriate financial mechanisms in the field of public management of external and internal loans that are still at the initial level. In a theoretical context, the science of public administration requires the disclosure and specification of categories and public relations in the management of public financial obligations, which should contribute to the effective development of the national economy, and the national currency should become a competitive and sustainable development currency. In the study of modern publications and the theoretical essence of the concepts of «management of external loans», «management of internal loans» and «management in the field of public finance» proved that public relations in the field of public finance is not sustainable and change with their development, as well as conditions of formation of modern real managerial and financial powers of state bodies in this area.