Public finances under martial law

Introduction. With the beginning of large-scale Russian invasion Ukraine, a number important socio-economic issues moved to another level, instead, efforts state authorities solve primary tasks have gained growth: increasing budget revenues for needs army, solving humanitarian issues, ensuring stability financial system, maintaining general economic situation in stable state. In this connection, role and importance finances conditions martial law are brought up date. Problem Statement. Ukraine is under first time more than half century. Therefore, significant range understudied, particular aspect public finance management. Purpose. The goal identify peculiarities management law. Methods. General scientific special methods used: analysis, synthesis, grouping, description, modeling, comparison, theoretical generalization abstract-logical. Results. war, question effectiveness finances, their components: expenditures budget, becoming actualized. volumes latter depend on capacity country's fiscal space, as well tax system. system each (state local) an element entire country. It was emphasized that direction macro-financial should be close interaction National Bank Ministry Finance matters control over its timely, justified regulation. International support external sources financing strengthened sustainability finances. Increased mobilization forced step at same prerequisite not only high-quality implementation budgets all levels, meeting defense, stability, but also strong basis recovery. mechanism determining losses damages caused by aggression, introduced government, analyzed. author's definition term “war damage” proposed. Conclusions. open rallied primarily around President his Office with aim preventing collapse national economy, At time, recovery, revitalization business activity, reconstruction destroyed infrastructure, housing stock, etc. launched. implemented aggression some adjustment order develop effective toolkit will help future reduce pressure country, use sound methodology evidence base legal proceedings lawsuits against Russia obtain reparations damage caused.