EVOLUTION OF APPROACHES TO FINANCE THE BUDGET DEFICIT
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2014, Vol 11, Issue 164
Abstract
In the article, the causes and existence of the state budget deficit are defined. The main source of budget deficit financing in historical retrospective are considered. The most popular government securities which issued in foreign countries are compared in the article. The dynamics of the budget deficit in Ukraine and the sources of its coverage are analyzed in the article. There are three main types of government securities in Ukraine, such as: national currency-denominated government bonds, foreign currency-denominated government bonds and target government bonds. The main market maker of the government bonds' market is National Bank of Ukraine. The volume of resources, which are mobilized from the issue of the national currency-denominated government bonds are major then the volume of resources, which are mobilized from the issue of the foreign currencydenominated government bonds The necessity of further improvement of government securities as an important source of budget deficit financing is emphasized.
Authors and Affiliations
Kateryna Cherkashyna, Ludmyla Mogylko
Keywords
Related Articles
- EP ID EP403115
- DOI 10.17721/1728-2667.2014/164-11/14
- Views 71
- Downloads 0
UKRAINIAN FISCAL EQUALIZATION: DOES IT NEED AN IMPROVEMENT?
The article states that existing economic and social differences between territories in Ukraine call for use of fiscal equalization instruments. The study shows that implementation of formula-based fiscal equalization ha...
CONCEPT OF THE PUBLIC GOODS REPRODUCTION IN ECONOMICS
The essence of the concept "public goods reproduction" has found out and the most important theory-gnoseological vectors of this process research have formed. The author has analyzed the system of theoretical views on th...
THE LIFE QUALITY EVALUATION: INTERNATIONAL EXPERIENCE AND UKRAINE'S PRACTICE
Analysis of the informational content of the life quality indicators in the dynamics has showed that methodic based on OECD concept is one of two methodics, that are the most suitable for the life quality evaluation in U...
THE STRATEGIC MANAGEMENT TOOLS FOR HIGHER EDUCATION INSTITUTIONS
The strategic management tools have been investigated in the article. Their definition and classification has been improved. The strategic management tools for use in higher education institutions have been singled out i...
THEORETICAL ASPECTS OF SOCIAL AND ECONOMIC ENTERPRISE DEVELOPMENT
The paper highlights theoretical aspects of social and economic enterprise development. Тhe рареr examines that modern economic development has a number of characteristics that contribute to change in conditions of funct...