Poltorak Anastasiia, Doctor of Sciences (Economics), Professor, Head of the Department of Management and Marketing, Mykolayiv National Agrarian University, Mykolayiv, Ukraine

ORCID ID: 0000-0002-9752-9431
e-mail: poltorak@mnau.edu.ua

Vietrova Nadiia, student, Mykolayiv National Agrarian University, Mykolayiv, Ukraine

ORCID ID: 0000-0002-0910-4055
e-mail: agorg@ukr.net

Onopriichuk Denis, student, Mykolayiv National Agrarian University, Mykolayiv, Ukraine

ORCID ID: 0000-0003-0098-0435
e-mail: 26denisonop@gmail.com

Onyshchenko Dmitro, postgraduate student, Mykolayiv National Agrarian University, Mykolayiv, Ukraine

ORCID ID: 0009-0008-0093-1362
e-mail: dmitrij.onishenko01@gmail.com

Assessment of the Outflow of Financial Resources outside Ukraine within the Financial Security Management System

Abstract. Introduction. The outflow of financial resources outside the country affects the economic stability of the state and can lead to a number of serious consequences for its financial system. Uncontrolled outflow of financial resources from the country may also result in loss of important investments, reduction of tax revenues for various levels of budgets, and disruptions in the stability of the currency market.

Purpose. The purpose of the article is to substantiate the theoretical and methodological principles, as well as practical approaches to assessing the outflow of financial resources outside Ukraine within the financial security management system.

Results. The analysis shows that the assessment of the outflow of financial resources is a key aspect in the development of effective strategies for managing the financial security of a state. Effective regulation of the outflow of financial resources outside the country will contribute to the development of specific recommendations for strengthening the financial security of Ukraine, ensuring economic stability and attracting new investments. The main directions of unproductive outflow of financial resources outside the country are systematized, including unproductive legal outflow of financial resources, concealed outflow of financial resources and unregistered outflow of financial resources. The methodology of determining the volume of unproductive outflow of financial resources from Ukraine is presented as an integral index calculated as the sum of these outflow components.

Conclusions. An assessment of the volume of the legal part of the outflow of financial resources outside Ukraine for the years 2015-2023, characterized by such specific features as legitimacy and cross-border nature of economic transactions, has been carried out. It was determined that the legal outflow of financial resources will increase from USD 3,078.2 million in 2015 to USD 22,869.5 million in 2021 and USD 9,214.2 million in 2022. For the first 9 months of 2023, this indicator has already exceeded $10,000.0 million USD, which indicates alarming trends in ensuring Ukraine’s financial security.

Keywords: financial security management; financial outflow; financial security; legal outflow of financial resources; concealed outflow of financial resources; unregistered outflow of financial resources.

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