FINANCIAL SECURITY OF THE STATE: ESSENCE AND APPROACHES

Аннотация

The role of public finance in modern conditions is that they should influence the process of social
reproduction, acceleration of economic growth, structural reorganization of the economy, acceleration of scientific
and technological progress. The expansion of public investment provides an increase in demand for equipment,
which in turn makes it more effective for industrial production, employment, and revitalization of the economic
environment. At the expense of the state budget, demand is maintained, social events and programs are financed, etc.
The impact on the economy, although controversial, is also exerted by the costs associated with ensuring the state’s
defense capability. On the one hand, these costs give a certain impetus to the development of industry, on the other
hand, a long arms race leads to the depletion of the economy, intraeconomic imbalances, a change in the structure of
production and other negative consequences