Components of Financial and Economic Security of Subjects of Government

Abstract

The article defines the components of financial and economic security of economic entities. It was noted that the formation of the system of financial and economic security of economic entities depends on many factors of the external and internal environment, the main among which are: war, unfavourable macro-economic conditions, underdevelopment of markets, information danger, unfair competition, reduction of investment attractiveness, outflow of qualified personnel, etc. It is understood that the system of financial and economic security of the entity consists of a combination of interrelated structural elements and measures that ensure the achievement of strategic and tactical goals of the enterprise’s economic and financial security and its ability to predict, prevent and overcome the negative consequences of destabilizing external and internal threats and risks both in the current and future periods. A conceptual model of financial and economic security of the entity is proposed. It was established that the achievement of a stable financial situation for enterprises is one of the most important problems of ensuring economic growth. Therefore, special attention in the formation of the FEB system of the entity needs constant monitoring of its financial and economic condition. It has been proven that the effectiveness of business entities depends to a large extent on how well they work in an unstable and competitive environment, under the influence of both internal and external factors. Identification and generalization of the components of financial and economic security of the enterprise will allow to introduce modern technologies of management of FEB. It was concluded that financial and economic security is one of the important components of ensuring economic security of the entity. Thus, the formation and functioning of the operational system of financial and economic security of economic entities should take place taking into account the requirements and properties of enterprises, and be aimed at the comprehensive ensuring of its stability.