МЕХАНІЗМ УПРАВЛІННЯ ДЕФІЦИТОМ ДЕРЖАВНОГО БЮДЖЕТУ УКРАЇНИ В УМОВАХ ВПРОВАДЖЕННЯ ВОЄННОГО СТАНУ.

In the article, the definition of the essence of the concept “budget deficit management” is studied. The analysis of changes in the volume and structure of the state budget deficit of Ukraine for the period of 2019-2023 is carried out. It is found that the main reason for the growth of the budget deficit is the increase in military spending. The study of the Stockholm International Peace Research Institute (SIPRI) found that the share of military spending in 2023 was 34% of GDP, ranking Ukraine eighth in the world. Based on this it was concluded by the author that there is a need to improve the mechanism of management of the state budget deficit, which, in the context of martial law, should take into account economic, political, environmental and public interests in the budgetary sphere. The structure of this mechanism is built, which includes principles, tools, levers, patterns, methods and approaches. Each of the following components is described. It is noted that in the context of war and post-war economic recovery, there is a close relationship between the mechanism of the budget mechanism management and the mechanism of repatriation of Russian assets and reintegration of force migrants to Ukraine. The functioning of these mechanisms is a new phenomenon not only for Ukraine, but also for partner countries, and therefore these processes require diplomatic, legal efforts and economic justification for their practical implementation, conclusion of the bilateral and multilateral agreement between Ukraine and partner countries. The effectiveness of the mechanism for management the state budget deficit can be improved by introducing significant and timely changes, taking into account the cause and effect of the relationship between budget deficit and the size of public debt, living standards, the pace of economic recovery, demographics, and the possible acceleration of the cooperation with allied countries in providing financial assistance and repatriating frozen Russian assets. [ABSTRACT FROM AUTHOR]