STRATEGIC PRINCIPLES OF PUBLIC DEBT MANAGEMENT
نویسندگان
چکیده
The war waged by the Russian Federation against Ukraine led to a sharp rise in risks of revenue mobilization and increase expenditures. need attract significant amounts additional resources, particular, expanding borrowing has arisen. A debt financing was not foreseen medium-term plans, which complicates management decision making during war. At same time, from internal sources is carried out with insufficient activity private investors. As result, tendency towards an share domestic government loan bonds owned National Bank banks strengthened, leading aggravation financial stability risks. introduce changes public obligations, first all, update strategic approaches that would involve solving only current problems, but also those emerging long- perspective, became apparent. To this end, it necessary determine principles strategy war, post-war period, substantiate proposals recommendations on introducing for its implementation. new Public Debt Management Strategy should be aimed both at measures counter aggression, stabilizing economy period resuming country's progressive development. For purpose, proposed envisage several stages following tasks: i) enlargement expansion, ii) stabilization finance, iii) return use fiscal rules, reorientation economic growth support appropriate emergency situations. When developing Strategy, content debt, purpose management, goals objectives clarified. It suggested supplement portfolio (that will reflect combination instruments taking into account their implementation), change mechanisms resource mobilization, repayment servicing loans, restructure refinance them.
منابع مشابه
Guidelines for Public Debt Management
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ژورنال
عنوان ژورنال: Ekonomìka Ukraïni
سال: 2022
ISSN: ['2522-9478', '2522-9303']
DOI: https://doi.org/10.15407/economyukr.2022.09.058