The budget policy of Ukraine under martial law

نویسندگان

چکیده

Large-scale military actions on Ukraine’s territory have led to extraordinary challenges for budget policy. This study aims evaluate the policy of Ukraine and substantiate its strategic priorities in martial law. The paper used economic statistical methods assess ultimate indicators. It was determined that revenues decreased due recession, expenditures, primarily defense security, increased. In 2022, compared 2021 (the full-scale war against began February 24, 2022), tax by 7.6%. contrast, observed an increase expenditures 65.0%, deficit 4.5 times (financed mainly external borrowings bonds bought National Bank Ukraine), state guaranteed debt 52.4%. context operations, ensure a balance between financing most critical items stimulating economy’s recovery. At same time, institutional capacity authorities allows controlling how country survives this challenging period. order restore economy, Ukrainian government must implement prudent policy, fiscal risks associated with changes macroeconomic environment, efficiency expenditures.

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ژورنال

عنوان ژورنال: Public and municipal finance

سال: 2023

ISSN: ['2222-1867', '2222-1875']

DOI: https://doi.org/10.21511/pmf.12(1).2023.01