REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

 FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

 PUBLISHER

Liburkina L. M.

 SITE SECTIONS

Main page

Editorial staff

Editorial policy

Annotated catalogue (2011)

Annotated catalogue (2012)

Annotated catalogue (2013)

Annotated catalogue (2014)

Annotated catalogue (2015)

Annotated catalogue (2016)

Annotated catalogue (2017)

Annotated catalogue (2018)

Annotated catalogue (2019)

Annotated catalogue (2020)

Annotated catalogue (2021)

Annotated catalogue (2022)

Annotated catalogue (2023)

Annotated catalogue (2024)

Thematic sections of the journal

Proceedings of scientific conferences

The Problem of Attracting Individuals in the State Loan Market in Ukraine
Bench L. Y., Mykhailiuk M. O., Sira T. S.

Bench, Liliia Ya., Mykhailiuk, Mariia O., and Sira, Tetyana S. (2020) “The Problem of Attracting Individuals in the State Loan Market in Ukraine.” Business Inform 4:328–333.
https://doi.org/10.32983/2222-4459-2020-4-328-333

Section: Finance, Money Circulation and Credit

UDC 336.74

Abstract:
The article is aimed at researching the domestic government loan bonds (OVDPs) market in Ukraine and the problems of attracting funds of individuals in this market. The deficit of Ukraine’s State budget necessitates additional funds to finance expenditures. The article substantiates the need to use domestic government bonds to cover the budget deficit. It is defined that for individuals OVDPs is a means of investing, preserving their own funds, and also increasing them. The article analyzes the level of involvement of individuals in the market of OVDPs. It is identified that the main buyers in the domestic government loan market are banking institutions and non-residents, while individuals do not have sufficient knowledge about the possibility of investing into debt securities. A number of advantages and disadvantages of government bonds compared to deposits is defined. The factors preventing the free entry of individuals into the government bond market are considered, and actions are proposed to popularize the OVDPs among individuals in Ukraine. The authors of the article consider the successful foreign experience of attracting individuals in the market of OVDPs, and its example suggested ways to attract the population in the market of OVDPs. It is concluded that on the part of the State the OVDPs is a significant source of funding for the State budget expenditures. It is specified that the priority for the Ukrainian government is to attract funds of individuals in the market of OVDPs, which would allow to expand the capacity of the State budget to increase the level of socio-economic development of the country. Prospect for further research in this direction is to consider increasing the attractiveness of government bonds to attract the funds of individuals.

Keywords: government securities, domestic government loan bonds, budget deficit, investment instrument, debt securities, financing of the State budget.

Fig.: 2. Bibl.: 9.

Bench Liliia Ya. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: [email protected]
Mykhailiuk Mariia O. – Student, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: [email protected]
Sira Tetyana S. – Student, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: [email protected]

List of references in article

“Statystychnyi zbirnyk Ministerstva finansiv Ukrainy «Biudzhet Ukrainy-2018»“ [Statistical Collection of the Ministry of Finance of Ukraine "Budget of Ukraine-2018"]. Ministerstvo finansiv Ukrainy. https://mof.gov.ua/uk/statistichnij-zbirnik
[Legal Act of Ukraine] (2006). https://zakon.rada.gov.ua/laws/show/3480-15
Bratkova, I. M. “Analiz ta otsinka OVDP yak investytsiinoho instrumentu“ [Analysis and Evaluation of Domestic Government Bonds as an Investment Instrument]. Visnyk ONU imeni I. I. Mechnykova. 2016. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3179787
Dzhuchchi, R., Kirkhner, R., and Sairus, L. “Yak rozvynuty rynok derzhavnykh zapozychen dlia dribnykh investoriv?“ [How to Develop the Government Borrowing Market for Small Investors?]. Instytut ekonomichnykh doslidzhen ta politychnykh konsultatsii ta Nimetska konsultatyvna hrupa. Seriia konsultatyvnykh robit. 2009. http://www.ier.com.ua/files/publications/Policy_papers/German_advisory_group/2009/pp_02_2009_ur.pdf
“Rynok oblihatsii vnutrishnyoi derzhavnoi pozyky“ [Domestic Government Bond Market]. Natsionalnyi bank Ukrainy. https://bank.gov.ua/markets/ovdp
“Richnyi zvit NKTsPF za 2018 rik“ [Annual Report of the NSSMC for 2018]. Natsionalna komisiia z tsinnykh paperiv ta fondovoho rynku. https://www.nssmc.gov.ua/documents/rtchniy-zvt-nktspfr-za-2018-rk/
“Perelik pervynnykh dyleriv“ [List of Primary Dealers]. Ministerstvo finansiv Ukrainy. https://mof.gov.ua/uk/perelik-pervinnih-dileriv
“OVDP“ [Облігації внутрішніх державних позик]. Ministerstvo finansiv Ukrainy. https://mof.gov.ua/uk/ovdp
Didenko, L., and Chorna, I. “OVDP yak nadiinyi finansovyi instrument investuvannia v ekonomiku Ukrainy“ [Domestic Government Bonds as a Reliable Financial Instrument for Investing in the Economy of Ukraine]. Ekonomichni nauky. Seriia «Oblik i finansy», no. 15 (57) (2018): 61-68.

 FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

 INFORMATION

The Plan of Scientific Conferences

 OUR PARTNERS

Journal «The Problems of Economy»