UKRAINE'S FINANCIAL SYSTEM IN WAR CONDITIONS: CHALLENGES AND WAYS TO STABILIZATION

The article examines the state of Ukraine's financial system in wartime, identifies the main challenges, sources of financing, and the role of international financial assistance. It emphasizes the gradual growth of the economy, particularly in 2019-2021, thanks to reforms, digitalization, and the stable development of the agricultural and IT sectors before the war. The financial system of Ukraine during the war plays a key role in ensuring the stability of the state, financing defense, and supporting the population. An assessment of the analytics is given, which indicates the serious impact of external challenges (pandemic and war) on the country's trade and economic activity. It is proven that the significant increase in the budget deficit and public debt is due to military spending and economic instability. The key sources of financing are tax revenues, domestic borrowing, and international aid, which covers a significant part of the expenses. It is emphasized that supporting the financial system is critically important for restoring infrastructure, providing social assistance to citizens, and supporting business. The main emphasis is placed on international financial assistance, which played a crucial role in ensuring the stability of Ukraine's public finances in 2023, allowing to cover a significant part of the budget deficit and finance critical expenditures. The main areas of support from international financial partners are outlined, including budget financing, social payments, infrastructure restoration, and economic stabilization. The participation of foreign financial partners is detailed, which consists not only of financial, but also of technical and political support, contributing to the restoration of the economy, modernization and integration of Ukraine into the global economy. The prospects for economic stabilization and the importance of international cooperation for the financial stability of Ukraine are determined. The importance of timely debt repayment is emphasized, which will help prevent financial crises, reduce the likelihood of default, maintain macroeconomic balance. improving the investment climate, which is necessary for the long-term economic development of the country.