DIRECTIONS OF REFORMS AND SOCIO-ECONOMIC DEVELOPMENT OF UKRAINE IN POST-WAR RECOVERY PERIOD

Abstract

The large-scale invasion of Ukraine’s territory by the Russian Federation affected the lives of ordinary Ukrainians, suddenly turning them into refugees. The rest of the citizens are forced to live in the conditions of war and bear the burden of severe trials and suffering caused by the war. The war is also a global challenge that shook the foundations of the financial and economic stability of the state, changed the priorities of state policy in various fields, and reshaped international relations. At the same time, the war is a chance for society to change the current, insufficiently efficient system of socio-political and economic life in the country. Today, when hostilities continue at the front, it is already necessary to work out a clear algorithm of actions and form own mission and vision for the development of Ukraine, implementing structural reforms in the context of the future European civilizational subjectivity of the state.
It is substantiated that after the war, in the new economic policy, man as the main productive force and economic progress driver should be at the center of the renewal and development of the country, which should become an integral part of the formation of the European and international civilizational space. Naturally, this requires changes in approaches to the formation and implementation of the country's budgetary, social, and environmental policies.
The chronic shortcomings that restrained the dynamics of the socio-economic development of the country both before the war and now, under martial law, are highlighted. Emphasis is placed on the need for the participants of the budget process to observe the basic principles of the budget system, namely the efficient and effective use of budget funds.
The directions of reforms and prospects of socio-economic development of the country, which are to change the system of state management of the economy, improve regulatory mechanisms in various sectors, and increase the efficiency of the use of resources, including financial ones, are determined.