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THE INFLUENCE FORMATION OF THE GROSS DOMESTIC PRODUCT ON POLICY PROVISION OF THE NEEDS OF THE MINISTRY OF DEFENSE OF UKRAINE TAKING INTO ACCOUNT THE EXPERIENCE OF THE WAR

Journal: International scientific journal "Internauka." Series: "Economic Sciences" (Vol.2, No. 84)

Publication Date:

Authors : ; ; ;

Page : 183-194

Keywords : state budget; gross domestic product; gross domestic product per capita; financing; population of Ukraine;

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Abstract

Introduction. After the start of full-scale armed aggression, Ukraine faced a number of difficult challenges. Among them, including the search for significant additional resources to finance defense needs. To meet these needs, the government of Ukraine changed its budget policy. First of all, almost all collected internal taxes are spent on defense needs, including through the budget of the Ministry of Defense of Ukraine. Other budget expenditures are covered by international financial donors and domestic borrowing. In modern conditions, optimizing the redistribution of internal resources and increasing their size are becoming a priority for the country. Coal. The purpose of the article is to study the influence of monetary and economic factors and the number and economic activity of the population on the formation of the GDP of Ukraine and the redistribution of its part to ensure the needs of its defense, the analysis of the financing of the needs of the Ministry of Defense, in the conditions of repelling armed aggression. Materials and methods. The materials of the study are legislative and legal norms of financial provision of the defense needs of Ukraine, the work of domestic researchers who conducted their scientific and practical investigations in the direction of state finances, in particular, regarding the costs of financing defense needs. The information base is open statistical data of the Ministry of Finance, NBU. In the process of carrying out the research, the following scientific methods were used: analysis and generalization to characterize the components of defense financing, as well as determining the impact of economic and demographic factors on the economic situation in Ukraine before and after the invasion. Index and correlation-regression methods, graphic methods were used to quantitatively assess the impact of population changes on GDP fluctuations for the period 2002–2023. Results. Іn the article was analyzed the distribution of expenditures of the Ministry Defense of Ukraine by directions use of budget funds in the period 2014–2023, taking into account the experience of the Russian-Ukrainian war. It has been established that in wartime conditions, with a significant increase in spending on defense needs, the problems of finding additional financial resources and rationalizing their distribution become more acute. Trends in the country's population change and its impact on the formation of the national GDP and its subsequent distribution, including on defense needs, are assessed. An analysis of the relationship between defense budget expenditures and economic growth was carried out based on the data on the distribution of the budget of the Ministry of Defense of Ukraine, the dynamics of financing the needs of the Armed Forces of Ukraine as a percentage of the country's GDP over the past ten years. This article analyzes the changes in funding priorities for the relevant areas and budget programs, updates the problems of their implementation and making management decisions, as a result of which the main funding priorities for ensuring defense needs are determined. The indicators of financing the needs of the Ministry of Defense in the pre-war period and the period of the legal regime of martial law in 2014–2023 were analyzed. The need to continue increasing defense expenditures and funding volumes to ensure proper defense of Ukraine is justified. The need to allocate at least 6% of the country's GDP every year to meet the needs specified in the budget requests of the Ministry of Defense of Ukraine was noted.

Last modified: 2024-12-14 01:16:37