FEATURES AND PRIORITIES OF BUDGET FINANCING OF STATE’S SOCIAL FUNCTIONS IN WARTIME

Abstract

The study reveals the features and priorities of budget financing of state’s social functions in wartime and simultaneously in the context of Ukraine's desire to integrate into the European economic area, which, in turn, requires improving the quality of life and raising the living standard of the country's population to world standards. It is determined that priority change in wartime negatively affects the financing of state’s social functions. The authors prove the emergence of a dichotomy between strategic and tactical goals of budgetary and tax policy, which is manifested in the need to conform with set target indicators of the level of GDP redistribution through the budget, the volume of financing of the state's defense function and the provision of guaranteed public services to the population.

The main global challenges and endogenous (internal) threats that prevent the provision of the proper volume of guaranteed public services to the population at the expense of budget financing are identified. The study expands the search for approaches to the formation of a new model of ensuring social standards during Ukraine’s post-war revival, namely, financing the state’s defense and social functions at a level that will ensure the sovereignty and defense capability of the country, as well as legislatively guaranteeing the provision of the proper volume of public goods and services to the population. Social justice is considered as one of the key determinants of resistance and unity of all citizens from different social groups for ensuring Victory, the post-war reconstruction of Ukraine, and of building trust in the state as an institution of power.

The authors substantiate the relevance of the formation of a nationwide program for the sustainable development of human capital, which, among other things, will include the implementation of a qualitatively new model of ensuring proper social standards in compliance with the principles of social justice and legislative stability.