FINANCIAL MANAGEMENT IN THE NATIONAL DEFENCE FIELD

Abstract

The article examines the essence of the defense resources financial management, institutional and legal support, as well as the practice of its modernization in the leading countries of the world and Ukraine under the conditions of a full-scale war. According to the theoretical and institutional aspects analysis results, the concepts of " defense resources financial management" and "defense resources financial management system" were clarified, and the main principles and elements of the mechanism of its implementation were outlined. An assessment of the modern world practice of defense resources financial management was carried out on the example of the US Armed Forces in terms of institutional infrastructure, regulations, standards and tools. The main determinants of the US Armed Forces financial management are established: combat capability, human capital and environmental protection according to ESG principles and Sustainable Development Goals. The components of improving the system of financial management of Ukraine’s defense resources in accordance with the implementation of NATO financial management standards and regulations have been identified. A thorough analysis of the distribution of expenditures and the credits granting under budget programs in accordance with the goals of state policy in 2020-2023 and projected for 2024-2025, of individual defense budget expenditures of the Ministry of Defense of Ukraine in accordance with the budget request for 2024-2026 raised questions about the impact of budget defense expenditures for the development of Ukraine's economy. The existence of the specified positive influence was proved by means of correlation-regression analysis based on the data of budget expenditures in the time horizon of 2014-2023, with the period before the full-scale invasion of the aggressor country being singled out. However, the scientific hypothesis has not been confirmed for the US economy, that is, military spending is not characterized by a significant impact on the US GDP.