Proceedings of the International scientific and practical conference ―Education and Scientific Progress‖ (April 24-26, 2026) / Publisher website: www.naukainfo.com. – Manchester, United Kingdom, 2026. - 218 p.

22 amount of public debt at the end of the budget period. The Ministry of Finance of Ukraine also generates public debt indicators in accordance with the IMF Special Data Dissemination Standard. According to the parameters defined by the Budget Code of Ukraine, the optimal ratio of public debt to the main indicator of annual economic development (GDP) should not exceed 60%, which is in accordance with the Maastricht Treaty. According to generally accepted practice, public debt is divided into internal and external. If internal debt is the state's debt to holders of government securities and other lenders. At the same time, external debt is part of the country's gross internal debt and means the debt of one state to another, including international organizations or other financial and economic entities. Among the main reasons for the growth of public debt are: - an increase in budget expenditures not confirmed by similar budget revenues; - a decrease in fiscal space and, accordingly, the tax resource base; - cyclical recessions in the economy; - the absence or inadequate volume of investments in the country's economy; - the influence of various political, socio-economic cycles; - the destructive, negative consequences of unforeseen events, such as economic crises, natural disasters, man-made disasters or war. The legal basis for regulating state and state-guaranteed debt, local debt and local guaranteed debt, as noted above, is the Budget Code of Ukraine, regulatory legal acts regulating debt management issues, as well as the Constitution of Ukraine [5]. Public debt is a reflection of the socio-economic situation in the country, including the policy implemented by the government in the field of public finances. Taking into account the factor of growth of the state debt due to the budget deficit, we analyzed this indicator for the last fifteen (15) years (Table 1). Thus, our analysis of the dynamics of revenues and expenditures of the State Budget of Ukraine shows that the main financial document of the country for the entire period under