Fiscal Policy as a Guarantee of Sustainable Development under Military Conditions

Abstract

In the context of sustainable development, the stimulating effect of fiscal policy is of particular importance, which is aimed at minimizing the consequences of such problems, ensuring the sustainability of state and local budgets, and creating the necessary prerequisites for their filling. The purpose of the article is to deepen the theoretical and methodological foundations for the formation and implementation of fiscal policy under martial law and its impact on the sustainable development of the state. The object of the study is the fiscal policy of a single country. During the study, different theoretical methods were used, but the IDEF modeling technique was the basis. It is substantiated that under martial law, fiscal policy needs to diversify the economy by optimizing the use of available and searching for untapped resources to ensure sustainable development. The main model for increasing the efficiency of fiscal policy in the context of sustainable development is presented. The innovativeness of the results of the study is revealed on the basis of the presented methodological approaches to the formation and implementation of the fiscal policy to guarantee sustainable development through modeling to increase its effectiveness. The study has limitations and concerns the concentration on the fiscal policy of one state. Further research will include expanding the stages of modeling and analyzing the impact of threats to sustainable development in the context of the implementation of fiscal policy.