Financial resielence of Ukraine under martial law
Year: 2025
Type: article
Abstract: In martial law conditions, ensuring the countryʼs financial stability and further social and economic development becomes of great importance. The research aims to determine the features of achieving the countryʼs financial stability in martial law conditions. The main scientific methods of research are dialectical and institutional, structural, comparative, the method of scientific abstraction, analysis, and expert assessments, which allow for ensuring the conceptual unity and thoroughness of the study. The research has analyzed the actual state of ensuring the financial stability of Ukraine in conditions of martial law. It was established that despite the measures taken to curb inflation, the purchasing power of the population decreased, and real GDP during this period did not reach the pre-war level. The level of public debt and budget deficit during the studied period of the war increased significantly, which significantly increased the pressure on the financial system and its stability. Ukraineʼs gold and foreign exchange reserves increased during the analyzed period, however, given that part of the debt is in foreign currency, the National Bank of Ukraine adheres to a policy of preventing the depreciation of the hryvnia. The research presented in the article is based on the hypothesis of the need to strengthen the countryʼs financial stability under martial law by implementing a balanced and effective policy in the budgetary, tax, customs and monetary spheres. Based on the research, promising areas for strengthening financial stability have been identified, particularly through the development of effective measures to slow down the inflation rate, reduce the budget deficit, and manage the stateʼs external and internal debt
Source: SCIENTIA FRUCTUOSA
Authors: Igor CHUGUNOV, Yurii RADIONOV, Iryna LIUBCHAK
Institution: State University of Trade and Economics
Language: English
Topic: Economic Issues in Ukraine
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4414289296