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 68
- Downloads 0
The Role of PPP in Ensuring a Sustainable Development of Territorial Socio-Economic Systems
The role of state partnership with a private sector in ensuring sustainable development of territorial socio-economic systems in a view of limited financial capacity of local budgets was grounded in the article. Orientat...
INFLUENCE OF MODERN GEOPOLITICAL CHALLENGES ON STATE'S ECONOMIC SECURITY
Changes in the geopolitical situation in the world create risks and threats to the economy of the state as for its economic security. The paper considers possible risks caused by the geopolitical confrontation between gr...
SOURCES OF FINANCIAL SUPPORT INNOVATION ACTIVITIES IN PUBLISHING HOUSE
World experience shows that in most developed countries of the world innovations are crucial prerequisite for sustainable long-term economic development. The paper deals with state financial support innovation publishing...
STATE REGULATION OF DOMESTIC FINANCIAL SERVICES MARKET IN THE CONTEXT OF THE EUROPEAN INTEGRATION PROCESS
In the conditions of globalization the main focus of government policy of Ukraine, both internal and external, is accession to the European community and full participation in the EU. Joining the EU will provide signific...
Development of Corporate Social Responsibility under Aggravation of the Contemporary Global Issues
The article deals with the role and importance of corporate social responsibility as an important mechanism for overcoming the crisis of the welfare state and to mitigate the social problems caused by the world globaliza...