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

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Experience of Managing External Public Debt in Foreign Countries and Prospects for Its Implementation in Ukraine
Knir M. O., Plieshakova N. А., Plieshakova O. A., Kryvoruchko Y. V.

Knir, Mariya O. et al. (2019) “Experience of Managing External Public Debt in Foreign Countries and Prospects for Its Implementation in Ukraine.” Business Inform 12:70–75.
https://doi.org/10.32983/2222-4459-2019-12-70-75

Section: Foreign Experience

Article is written in Ukrainian
Downloads/views: 10

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UDC 339.7

Abstract:
The proposed scientific article is concerned with the topical issue of the management of public debt at the current stage of the development of Ukraine’s economy. The article is aimed at studying the experience of foreign countries in managing public debt and developing practical recommendations to improve the management of Ukraine’s external public debt. The essence of the concept of «external debt» is considered, statistics on the volume of government borrowings in the foreign countries are analyzed, and ways of improving the mechanism of management of Ukraine’s external public debt are proposed. Key priorities for applying foreign experience to stimulate economic growth in Ukraine have been defined. The main regulatory changes are considered, in particular changes to the Budget Code, which provide for the creation of the Debt Agency of Ukraine, with the following tasks: management of public debt and the risks associated with it; implementation of public internal and external borrowings; other tasks that would come under its jurisdiction. Prospects for further research in this direction is the improvement of the regulatory framework governing the debt policy in Ukraine and the implementation of a holistic strategy for managing the external public debt.

Keywords: agency model, public debt, government borrowings, Debt agency, management of external public debt.

Fig.: 1. Tabl.: 2. Bibl.: 21.

Knir Mariya O. – Candidate of Sciences (Economics), Associate Professor, Department of Finance, Taras Shevchenko National University of Kyiv (60 Volodymyrska Str., Kyiv, 01033, Ukraine)
Email: [email protected]
Plieshakova Nataliia А. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance, Taras Shevchenko National University of Kyiv (60 Volodymyrska Str., Kyiv, 01033, Ukraine)
Email: [email protected]
Plieshakova Olena A. – Candidate of Sciences (Economics), Assistant, Department of Economic Theory, Macro- and Microeconomics, Taras Shevchenko National University of Kyiv (60 Volodymyrska Str., Kyiv, 01033, Ukraine)
Email: [email protected]
Kryvoruchko Yaroslava V. – Chief Specialist, Department of Audit, Kyiv City State Administration (36 Khreshchatyk Str., Kyiv, 01044, Ukraine)
Email: [email protected]

List of references in article

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