BUSINESS INFORM JOURNAL.

УКР

ENG

Search:

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

The Current State of the Public Debt in Ukraine and Prospects of Using Foreign Experience in Public Debt Management
Petyk L. O., Tsiunyk S. I., Kovalchuk Y. V.

Petyk, Liubov O., Tsiunyk, Sofiia I., and Kovalchuk, Yulia V. (2021) “The Current State of the Public Debt in Ukraine and Prospects of Using Foreign Experience in Public Debt Management.” Business Inform 12:225–231.
https://doi.org/10.32983/2222-4459-2021-12-225-231

Section: Finance, Money Circulation and Credit

Article is written in Ukrainian
Downloads/views: 11

Download article (pdf) -

UDC 33.338.2

Abstract:
The article is devoted to an important component of the country’s financial security –public debt. The formation of governmental borrowing is caused by the State’s need for additional financial resources. These resources are used to ensure the fulfillment of all tasks set before the State aiming to ensure economic and social prosperity. Improperly developed policy of public debt management will undermine the financial security of the State. To analyze the state of public borrowing, the following indicators were considered: the volume of total, external and internal public debt of Ukraine from 2017 to 2021; the ratio of external, external-guaranteed, internal and internal-guaranteed public debt of Ukraine in 2021. It was determined that over the last 5 years the dynamics of governmental borrowing has been changing from positive to negative and vice versa. The problems of public debt management in Ukraine include inefficient using of borrowed funds; raising loans to cover existing debt; imperfect legislative support; small volumes of gold and foreign exchange reserves; permanent budget deficit, etc. The following prospects for public debt management were identified: a policy to reduce the budget deficit; greater focus on domestic creditors; diversification of investors; fulfillment of IMF lending conditions; simplification of the IGLBs procurement system, etc. The international experience of government borrowing management was also considered. The most effective public debt model that can be implemented in Ukraine is the example of Sweden, where the government launched a policy of reducing public debt through systemic reforms that need to be implemented at all levels of the State management.

Keywords: financial security, public debt, budget deficit, systemic reforms.

Fig.: 2. Bibl.: 8.

Petyk Liubov O. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Financial Management, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79001, Ukraine)
Email: [email protected]
Tsiunyk Sofiia I. – Student, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79001, Ukraine)
Email: [email protected]
Kovalchuk Yulia V. – Student, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79001, Ukraine)
Email: [email protected]

List of references in article

Vinokurov, Ya. “MVF poikhav, ale vy trymaitesia: chomu Ukraina ne otrymala hroshei ta u shcho tse vyllietsia“ [The IMF Has Left, But You Hold on: Why Ukraine Did Not Receive Money and What It Will Turn Out to Be]. Ekonomichna pravda. February 16, 2021. https://www.epravda.com.ua/publications/2021/02/16/671059/
Vodolazska, O. A., and Herman, H. V. “Upravlinnia derzhavnym borhom Ukrainy“ [State Debt Management of Ukraine]. Ekonomichnyi prostir, no. 160 (2020): 108-112. DOI: https://doi.org/10.32782/2224-6282/160-20
Doroshenko, H. O. “Priorytetni napriamy udoskonalennia polityky upravlinnia derzhavnym borhom“ [Priority Trends in Improving the Policy of State Debt Management]. Visnyk Kharkivskoho natsionalnoho universytetu imeni V. N. Karazina. Seriia «Ekonomichna». 2016. https://periodicals.karazin.ua/economy/article/view/6262/5797
“Statystychni dani shchodo derzhavnoho borhu Ukraini vid 30.09.2021 r.“ [Statistical Data on the State Debt of Ukraine from September 30, 2021]. Ministerstvo finansiv Ukrainy. https://index.minfin.com.ua/ua/finance/debtgov/
“Tsyohorich Ukraina maie pohasyty ponad 1,7 miliarda dolariv borhu MVF“ [This Year, Ukraine Must Repay More Than $ 1.7 Billion of IMF Debt]. Ekonomichna pravda. January 06, 2021. https://www.epravda.com.ua/news/2021/01/6/669787/
Probasko, J. “The National Debt Explained“. https://www.investopedia.com/updates/usa-national-debt/
Fedorov, V. A. “Upravlinnia zovnishnim derzhavnym borhom suverennoi Ukrainy“ [External Public Debt Management of Sovereign Ukraine]. Pravovi ta instytutsiini mekhanizmy zabezpechennia rozvytku derzhavy ta prava v umovakh ievrointehratsii, vol. 1. Odesa: Yurydychna literatura, 2016. 109-112.
Ferens, B. “Borhova kryza v Hretsii ta dosvid dlia Ukrainy“ [Debt Crisis in Greece and Experience for Ukraine]. LB.ua. 2020. https://ukr.lb.ua/blog/economics/261920_borgova_kriza_gretsii_dosvid.html

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»

The site and its metadata are licensed under CC BY-SA.

Write to webmaster