STATE FINANCIAL FLOWS FOR ENSURING SECURITY IN THE INTERNATIONAL ECONOMIC ENVIRONMENT

Effective movement of financial flows, ability to beforehand service of debt obligations, and creditworthiness of the state are signs of trust for the global financial community and the guarantee of successful cooperation with international financial organizations. The purpose of the article is to indicate the important directions of effective management of state financial flows in the context of strengthening Ukraine's debt and budget security for its sustainable economic development in the international environment. As a result of the assessment of the financial flows of the State Budget of Ukraine during the period of martial law in Ukraine, the growth of budget revenues and expenditures of their main components was revealed. Also, it was accompanied by the growth of the budget deficit and the state debt due to the state borrowing loans to balance the flows of revenues and expenditures. A comparison of the financial flows of Germany, France, and Ukraine showed among the studied countries the highest share of the budget deficit in expenditures in Ukraine. The existence of a budget deficit and a high level of debt burden is the main factor that unbalances the flows of budget revenues and expenditures and complicates the socio-economic situation of Ukraine. Possible directions for improving the effectiveness of Ukraine's debt policy strategy focused on ensuring constant assessment, monitoring and control of indicators of the state's debt and budget security are outlined. Based on the experience of the financial provision of developed countries of the world, directions for improving the management of the movement of state financial flows were proposed. They are based on strengthening control over the effectiveness of managing budget financial flows and implementing innovative budgeting practices aimed at ensuring the economical and reasonable use of budget funds, which will ensure the security of the state in the international economic environment.