THE IMPORTANCE OF THE PRINCIPLE OF THE RULE OF LAW PROVIDES THE FINANCIAL SECURITY OF THE COUNTRY

Abstract

The article examines and draws attention to the issues and problems of observing the principle of the rule of law in terms of its influence on ensuring the financial security of the country in the current conditions, namely in the conditions of martial law.

The concept of the principle of the rule of law as the main feature of democracy and one of the main conditions for admission to the European Union has been studied.

The article focuses on the concept of "financial security". The interpretation of scientists regarding financial security is presented. The composition of the financial security system is indicated, which includes: budgetary, currency, monetary, debt security, security of the insurance market and security of the stock market.

The article reveals the connection between the financial security of the country and the principle of the rule of law and provides justification for the impossibility of ensuring the financial security of the country without observing the principle of the rule of law. The importance of financial security for ensuring the state sovereignty and integrity of the country, as well as a decent standard of living for the citizens of Ukraine, is investigated.

Current threats to the financial security of Ukraine in the conditions of martial law are highlighted. Factors affecting financial security are considered and measures are proposed to ensure the financial security of the country and strengthen it.

Threats to the financial security of the state have been identified, in particular such as: non-compliance with the principle of the rule of law; imperfection of state administration in ensuring financial security; ineffectiveness of the control system over the expenditure of budget funds; ill-conceived monetary policy of the state; inefficiency of the tax system; corruption of state bodies and pressure on business; excessive deficit of the State budget; the growth of the "shadow" economy; growth of foreign debt; irrational use of foreign loans and financial assistance.

The conclusions of the work demonstrate that for the proper functioning of the financial activity of the state and the promotion of the European integration of Ukraine, even in the current conditions, the financial security of the country must be ensured at an appropriate level, with mandatory observance of the basic principle of democracy, namely, the rule of law.