Functions of the state in providing economic security

Abstract

The article analyzes the latest research and publications on economic security. Three approaches to the definition of economic security are analyzed: functional, systemic, and combination (integrated).Approaches to the interpretation of the concept of the function of the State policy in the field of economic security are considered, and a definition of its essence is proposed. The main functions of the State in ensuring economic security are characterized.The article emphasizes that the ability of the economy to market self-organization should be supplemented and ensured by the state by developing rules of economic behavior. The purpose of state regulation and supervision is to optimize the level of economic security, which is aimed at the balance between savings and investment, ensuring macroeconomic stability, maintaining sustainable economic growth, creating economic and legal conditions for the functioning of business entities, and preventing offenses.It is substantiated that the set of specific economic relations is especially vividly and most fully reflected in the functions of economic security, which should be considered in a broad sense as strategic directions of the State’s activities aimed at ensuring resilience to external and internal threats, characterizing the ability of the national economy to expand self reproduction and meet the needs of citizens, society and the State at a certain level and time period, based on the regulatory and legal framework and implemented by the State.These include protective, regulatory, preventive, informational and control functions and the content of each of them is disclosed. Each of the functions reveals an internal property, signs and features of economic security, and also shows how its social purpose is realized as part of a single reproduction process. The division of functions is rather conditional, since they are carried out simultaneously, and certain features of one function are necessarily inherent in others.