Legal Regulation of the Financial and Economic Security of Ukraine

Abstract

Abstract. The problem of legal regulation of the financial and economic security at all levels of Ukraine’s economy is extremely important. In our opinion, the most complicated problem in the system of legal regulation of the financial and economic security is the problematic issue of limits of state intervention in the economy. Theoretical basis. It is necessary to avoid the potential detrimental influence of the state on economic processes, to achieve a reasonable combination of public administration and regulation concurrently with the autonomy of economic entities and their inherent self-regulation. Our study is aimed to highlight the problems of legal regulation of the financial and economic security in the context of current challenges and threats to the sovereignty of Ukraine. Scientific novelty. The results of our study are aimed at improving the mechanism of the financial and economic security of the state and substantiation of measures intended to strengthen it by methods of legal regulation. Conclusions. This article analyzes the results of the scientific research of the problem of legal regulation of the financial and economic security of Ukraine, mainly the results for years 2019—2021. The authors support the idea of regulating the financial security of the state by means of the new law of Ukraine «On Fundamentals of the Financial Security». It should include clearly defined approaches to the formation of the system of the financial security of the state, the mechanism of its functioning, powers and the scheme of interaction of subjects of the financial security of Ukraine. Positive changes in the regulatory environment in the financial sphere of Ukraine have been studied, namely the establishment of the Bureau of Economic Security of Ukraine, the development of the Strategy of Economic Security of Ukraine until 2025, etc. The authors proposed some improvements to the Strategy: it is advisable to add appropriate programs with clearly defined sources and amounts of funding, stages of implementation and assigned persons, to expand the list of indicators of the financial security. Keywords: financial and economic security; foreign experience of legal regulation of the market economy; legal mechanism, strategy of the financial and economic security. JEL Classification E60, H70, K10, O17 Formulas: 0; fig.: 0; tabl.: 1; bibl.: 32.

Стратегічні Орієнтири Розвитку Економіки В Умовах Глобальних Викликів Та Воєнної Агресії (Український Кейс)

“…At the same time, agree with the views of researchers that the restoration of the Ukrainian economy should be a long and deliberate process, which can be divided into certain rather conventional periods of activity (Pylypyshyn et al, 2022). In particular, state structures at both the central and local levels should play an important role in restoring the country's capacity.…”

“…Consequently, they should reflect current changes in the economic sphere and form prerequisites for improving the existing advantages and reducing the disadvantageous impact of these risks and threats (Omelchyk et al, 2022). Note that the lack of specific strategic priorities forms an unmanageable economic situation because there is a situation where neither the state nor other objects have a specific awareness of the main vectors of development (Pylypyshyn et al, 2022). As a consequence -an overtime number of adverse development scenarios are formed, which can be implemented within the territory of Ukraine.…”

“…Purii (2022) in his article highlighted the key aspects of the formation of the Unified Digital Fiscal, Accounting Payment System and Stable Basic Social Income. Pylypyshyn et al (2022) team of authors described the state and the main changes in the Ukrainian economy at the stage of the twentieth century. The work of Omelchyk et al (2022) is also important for this study, which investigates a variety of approaches to economic development through the prism of instability.…”