DEBT POLICY IN THE CONDITIONS OF THE WAR ECONOMY AND POST-WAR RECOVERY

Abstract

The study of Ukraine’s debt policy was carried out in the context of global challenges and the need for its purposeful adaptation to the conditions of the war economy and post-war recovery from the consequences of the war. Considerable attention is paid to the evaluation of various strategies of public debt management, as well as to the analysis of factors affecting its form, structure and sustainability. The main focus of the study is concentrated on the analysis of the state debt policy, the determination of its key characteristics and trends, the impact of internal and external shocks determined by global economic crises and political changes with a special emphasis on the period of martial law. The methodological approach is based on a complex analysis combining statistical and econometric methods, comparative analysis of international experience and the use of scientific literature and official reports. An important part of the methodology is the modeling of various scenarios of the development of the situation with the public debt in Ukraine, which makes it possible to assess potential risks and options for future political decisions. The main goal of the study is to determine effective strategies for managing the public debt of Ukraine, which would contribute to the stability of public finances and ensure the economic growth of the country. It was revealed that the key aspects of an effective debt policy are the diversification of funding sources, reducing dependence on external loans and increasing the share of domestic debt. It is also important to develop debt management tools that make it possible to reduce the cost of servicing debt and increase its sustainability. Prospects for further studies in this direction are related to the analysis of international practices and their adaptation to the conditions of Ukraine, particularly in the context of European integration processes and the search for a balance between economic growth and fiscal risks.