THE SYSTEM OF PUBLIC DEBT MANAGEMENT IN TERMS OF ECONOMIC REFORMS
Journal Title: Зовнішня торгівля: економіка, фінанси, право - Year 2016, Vol 5, Issue 88
Abstract
Background. In terms of economic transformations the necessity of improvement of effectiveness of public debt management is actualized. It is important to determine the priorities of the debt policy as a tool of socio-economic development of a country, implementation of effective public debt management tools in the system of institutional environment. Development and implementation of debt policy should be based on scientifically based principles and results of conducted researches on public debt management that will help to create conditions for improvement of the handling level of economic processes. Scientific sources review of selected subject shows that in terms of economic reforms debt policy is to implement adaptive-regulatory potential in order to reach a gradual economic growth. Strategic directions of public debt management should become the basis of the debt policy as a tool for socio-economic development of a country. The system of debt management must integrate all existing institutions in it. Their effective interaction is required to obtain the necessary information and reduce subjectivity in the decision making. Effective pubic debt management is based on defining of clear objectives of debt policy, comparison of the risks and cost of government borrowing, implementation of constant monitoring and risk management related to the scope, structure and schedule of payments on public debt, creating of preconditions to provide constant access to debt capital markets. The above forms the basis of the aim of the research. Results. The disclosure of ways of increase of the efficiency of public debt management system, disclosure of its nature and role in the system of socio-economic development of a country is a significant achievement of conducted study. The analysis of the dynamics and structure of direct state and guaranteed debt is conducted, its part in gross domestic product is defined. The peculiarities of the EU countries experience with public debt management are generalized. The directions of improvement of the efficiency of public debt management system in terms of economic transformations. Conclusion. Conducted study will deepen the understanding of the role of public debt management as part of the budget planning, will allow to increase the quality level of functioning of public finances system.
Authors and Affiliations
Valentina MAKOGON
Keywords
Related Articles
- EP ID EP185255
- DOI -
- Views 108
- Downloads 0
TECHNOLOGIES OF CRYPTOCURRENCY SECURITY AND BLOCK CHAIN NETWORKS
Background. The dynamics of the introduction of information technology in the banking sector in recent decades cannot fail to impress. It is difficult to overestimate the accomplished transition to electronic payment sys...
EXPORT POTENTIAL OF AGRICULTURAL ENTERPRISES
Background. According to expert estimates, the cumulative impact of Ukraine’s accession to the WTO is positive for national economy. However, liberalization of foreign trade revealed problems of weakening of competitive...
THE PRINCIPLE OF JUSTICE IN LAW ENFORCEMENT
Background. In connection with the construction of a democratic constitutional state in Ukraine there is a need for a definition of the principles of law application. Subjects of application of the law should act only un...
THE SYSTEMS OF LOCAL SELF-GOVERNMENT: DOCTRINAL APPROACHES TO THE DEFINITION OF THE CONCEPT
Background. Attempts to reform the system of local self-government have repeatedly been made in Ukraine, and the one that exists today broadens the list of subjects included in it, does not deny the forms of direct democ...
PRICE OPTIMIZATION MODELINGIN INTERNATIONAL MARKETING
Background. Formation of the price of a product is a process inalienable from marketing strategies. Making a reasonable decision on choosing a pricing strategy, its development using a systematic approach will enable the...