Legislative changes in conduct of financial control by state authorities during the war

Abstract

The paper provides a legal description of financial control (with regard to the activities of state bodies) as one of the means and methods of the state's controlling influence on the activities of the public sector in relation to subjects involved in various sectors of the economy. The problematic legal issues that arose during the introduction of martial law in Ukraine regarding the exercise of control over business entities are considered. The most effective means, measures and legislative acts adopted after February 24, 2022 are considered. The state of war made it possible to understand that the issues of increasing the activity of the controlling bodies themselves, namely transparency, accountability and efficiency of their activities, are gaining special relevance. The joint activity of central state authorities, local self-government bodies, control bodies and business entities of state and communal forms of ownership is considered. An effective system of financial control over the management of state (local) resources (public funds, non-current and other assets) and their use is not only a tool for guaranteeing the transparency, accountability and quality of the activities of state authorities, local self-government bodies and business entities, but also essentially an effective mechanism for ensuring the financial stability and security of the country during martial law, achieving the strategic goals of the state, the effectiveness of state policy, improving the quality of life of the population and, in particular, reforming the system of public finance management. Current legislation practically does not regulate the organization of internal (local) and public state financial control, which causes the absence of a unified system of financial control bodies at the level of territorial communities. The following conclusions were made in the paper: financial control is an important factor in increasing the efficiency of economic activity of economic entities (of various branches). And it has been proven that precisely during the war, such control plays a major role in state regulation of the economy. When delimiting the powers of control bodies, one should not forget about their interaction with each other. It is their coordinated work, the introduction of changes in legislation during wartime that can contribute to bringing Ukraine's economy to a much higher level. More than ever, during the war, all bodies must act in a coordinated manner and their actions must be aimed at ensuring the economic growth of individuals and legal entities - entrepreneurs.