ANALYSIS OF THE SOURCES AND MAIN TRENDS OF PUBLIC FINANCING THE NEEDS OF THE ECONOMIC SECURITY OF THE COUNTRY

Keywords: economic security, financing of economic security, public financing, budget expenditures

Abstract

The article is devoted to the study of the current issue of finding sources of funding for measures aimed at ensuring the economic security of the state in the face of increasing external challenges. It was found that the main source of funds for the implementation of measures for the formation of effective systems of economic security is public funding, which is carried out at the expense of budget funding. At the same time, it has been proven that the formation of private-state partnership in the implementation of projects, which are components of the integrated system of economic security of the state, also acquires significant importance in certain areas. It has been proven that in order to ensure the high efficiency of the functioning of the economic security system of the state, it is necessary to form an effective system of planning financial flows and their sources, which can be aimed at the specific implementation of preventive measures to avoid risks and threats or eliminate their negative impact. The effective functioning of the entire economic security system of the country largely depends on the level of funding of measures that can be aimed at ensuring the implementation of management measures aimed at anti-risk activities or the prompt elimination of the negative consequences of the implementation of threats to economic security. At the same time, it is worth noting that, as practice shows, the main source of funding for such measures is budget expenditures, which are directed in accordance with pre-agreed plans or for the implementation of projects to strengthen economic security. At the same time, when there is a need for unforeseen costs associated with the realization of risky events, a number of problems usually arise related to public financing of overcoming their consequences. This is due to the fact that budget drawings, as a rule, do not provide for the formation of specialized targeted costs at a time when the object of their application is absent. At the same time, fluctuations in the field of economic security, which are often associated with the unpredictability of risk events, on the contrary, require the availability of sufficient funding at a specific moment in time to eliminate the negative consequences of threats to economic security.

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Published
2022-10-25
How to Cite
Dobryanskyy, O. (2022). ANALYSIS OF THE SOURCES AND MAIN TRENDS OF PUBLIC FINANCING THE NEEDS OF THE ECONOMIC SECURITY OF THE COUNTRY. Economy and Society, (44). https://doi.org/10.32782/2524-0072/2022-44-20
Section
ECONOMICS