ANALYSIS OF UKRAINE'S DEBT SECURITY: PROSPECTS AND CHALLENGES

Abstract

It is substantiated that the conditions of military conflict emphasise the importance of security issues in all spheres of the State's life. The country, in the face of a budget deficit, is forced to seek assistance from Western partners and international financial institutions. The article shows that in case of a large budget deficit, foreign aid affects the functioning of the public sector of Ukraine's economy, contributing to a balanced monetary and financial state of the country. Ukraine's resilience is formed both by the functioning of the security and defence sector and by the country's economic potential. It is determined that effective management of the level of debt security is possible by optimising the structure of public debt in terms of the currency of borrowing, maturity, and also by directing the funds received from public borrowing to the development of the state economy. A successful solution to the debt problem can significantly improve the state of public finances, increase the resilience of the national economy to internal and external threats, and create favourable conditions for economic growth during the period of economic recovery in Ukraine.