Nosan Nataliia, PhD (History), Associate Professor, Associate Professor of the Department of Economics and Entrepreneurship, Cherkasy State Technological University, Cherkassy, Ukraine

ORCID ID: 0000-0002-4005-8333
e-mail: natali_nosan@ukr.net

Retrospective Analysis of the Main Indicators of Ukraine’s Financial Security

Abstract. Introduction. Despite the existence of an officially recommended methodology for assessing the level of economic security of the state, which contains a separate set of indicators for diagnosing the state of its financial component, the last comprehensive analysis of the level of financial security of Ukraine with wide publicity of the results was conducted in 2014. The lack of official data on the state of financial security of Ukraine since 2014 necessitates an expert evaluation of its level in order to formulate in the long term a set of management and regulatory measures aimed at maintaining or stabilizing its current state.

Purpose. The purpose of the study is to establish trends that are characteristic of changing the values of the main indicators of the level of financial security in Ukraine based on a retrospective analysis of the state of a number of financial macroeconomic indicators.

Results. The materials of the research made assumptions about the possibility of conducting an express assessment of the level of financial security of the state on the basis of several basic financial indicators of the state of the national economy. The author’s approach to defining the level of financial security of the state is proposed. A retrospective analysis of the dynamics of such indicators of the level of financial security of the state as a change in the money supply and monetary base, changes in the volume of deposits in national and foreign currencies, changes in lending volumes, changes in the volume of gross domestic product and in financial and insurance activities, the volume of income and expenditure of the state the budget, the size of the public debt was made.

Conclusions. The level of financial security of Ukraine, determined on the basis of separate financial indicators of the state of the national economy, proves the fact of stabilization of the state of the domestic financial system in the last two years. In general, the level of financial security of Ukraine at the beginning of 2019 can be estimated as satisfactory, however, a stable financial dependence on external sources of financial resources in the near future can lead to a loss of state financial sovereignty.

Keywords: security; financial security; financial security indicators; bank security; monetary security.

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