Since 1991 – the time of declaration of independence of Ukraine, each single government pursued the policy of active attraction of external loans to cover the deficiency of the state budget. Regardless certain attempts to modernize debt policy of Ukraine and adjust the amount of the state debt, the sums of external borrowings grow year to year.
Public Organization Financial Stability welcomed Decree of the President of Ukraine No 170/2015 “On the Financial Stability Board” of 24.03.2015, as it believed that establishment of such institution will give a boost to development of a number of steps required for implementation of efforts aimed at modernization of Ukraine declared at the state level, reformation of the financial market and movement towards qualitatively new social relations. In accordance with the duties imposed on it, the Financial Stability Board shall develop the state strategy and efficient mechanisms of ensuring financial stability of the state, including those related to improvement of legislative regulation in the field.
Public Organization Financial Stability, which mission is comprehensive promotion of financial stability in Ukraine and enhancement of the level of financial culture, and recommends to pay attention to the need of cultivation of the concept “Culture of financial relations” in the society.