THE DEBT COMPONENT OF FINANCIAL SAFETY OF UKRAINE IN THE SITUATION OF CRISIS EVENTS IN THE ECONOMY

Abstract

Urgency of the research. The problem of providing debt safety is of primary importance due to the political instability and economic uncertainty in our country. This becomes particularly important in the current situation of continuous increase in public debt and the complexity of its service. Target setting. The problem of defining new approaches to building a system that could provide debt safety for our country is particularly acute, mainly caused by the issue’s immensity, depth and duration. Actual scientific researches and issues analysis. Among well-known domestic and foreign scholars whose studies are focused on the debt safety of Ukraine we should mention the following: A. Baranovskyi, G. Wood, V. Heits, M. Yermoshenko, V. Zahorskyi, V. Koziuk, N. Kravchuk, R. Mundell, M. Obsfeld, O. Oliinyk, O. Futerko. Uninvestigated parts of general matters defining. Special and constant attention needs to be given to the study of debt safety while the country is undergoing social and economic development so that it can guarantee its financial sovereignty and stability. The research objective. To elicit ways of strengthening debt safety of Ukraine by analyzing index of its condition and boundary values. The statement of basic materials. This article explores main aspects of the debt component in the state’s financial safety. We have examined a current state of the debt safety of Ukraine by means of appropriate indicators, the ways the state debt influences the economy in general. Also we have suggested the ways to strengthen it in the context of a complex relationship between debt policy and a degree of the state’s financial stability. Conclusions. By investing funds in the development of Ukrainian economy, reprofiling state bonds, and supporting the state’s credit rating it is possible to minimize threats to the country’s debt safety which will improve the indicators of competitiveness of Ukraine and ensure its financial safety.