EVOLUTION OF FINANCIAL LAW OF UKRAINE UNDER MARTIAL LAW

Abstract

The article provides a comprehensive study of the evolution of Ukraine’s financial law under the conditions of martial law imposed in response to the armed aggression of the Russian Federation, emphasizing its capacity to ensure fiscal stability and national financial security under exceptional conditions. The study aims to identify patterns of legal transformation in public finance, systematize regulatory changes in budgetary, tax, and currency legislation, as well as in public procurement and mechanisms of international financial assistance, and analyze their impact on the efficiency of public financial management. The research distinguishes three consecutive stages in the development of financial law under martial law: the adaptation stage (February–June 2022), characterized by rapid responses to crisis challenges, introduction of wartime fiscal instruments, and mobilization of budgetary resources; the stabilization stage (July 2022 – end of 2023), focused on restoring coherence and manageability of the budget process, improving tax administration, and enhancing transparency of financial flows; and the institutionalization stage (2024–2025), during which wartime financial mechanisms are legally consolidated and integrated into the medium- and long-term financial law framework. For each stage, the study identifies main directions of regulatory change aimed at ensuring state financial stability, effective funding of defense and social sectors, recovery of critical infrastructure, and improvement of budget transparency and public procurement efficiency. The article provides generalized data on state budget revenues and expenditures, volumes of international financial support, defense spending, and allocations for social protection and infrastructure restoration. Special attention is given to the role of digitalization and the use of modern information technologies in enhancing the efficiency and transparency of public financial management and mitigating corruption risks. In conclusion, the article presents a forecast for the integration of wartime financial and legal mechanisms into Ukraine’s post-war financial law system, assesses post-conflict public finance prospects, and offers policy-oriented recommendations for improving budgetary policy, tax administration, and the institutional framework of national financial security.