scholarly journals The public debt of the Republic of Serbia: The current situation and perspectives

2005 ◽  
Vol 50 (164) ◽  
pp. 119-134
Author(s):  
Marinko Bosnjak
Keyword(s):  
Public Debt ◽  
Foreign Currency ◽  
External Debt ◽  
Economic Policies ◽  
The Public ◽  
Use Of Resources ◽  
Growth Stability ◽  
Ministry Of Finance ◽  
Time Periods ◽  
The Republic

The paper deals with the internal and external debt situation of the Republic of Serbia based on the data relating to 2000 and 2004, issued by the Ministry of Finance, as well as the basic macroeconomic assumptions for the regular servicing of debts. The general results of this research indicate that the key institutional assumptions for the strengthening of annuity payment ability are consistent reforms and economic policies, and the key economic assumptions for debt repayment are economics growth, stability and reduction in the volume and changing the structure of government consumption. Investment and export growth which provides for growth in gross domestic product and income in foreign currency, which should be sufficient for debts repayment in the next five years, expressed in time periods as well as annuity payments per year, are the key significance for servicing of debts. Increase in economy efficiency, as well as the efficient use of resources obtained by credit facilities, are guaranties of maintaining the balance between volume and repayment capabilities of debts.

scholarly journals Crisis internacional y demanda efectiva en un modelo macroeconómico estructuralista

2010 ◽  
pp. 1
Author(s):  
Andrés Asiaín
Keyword(s):  
Latin American ◽  
Foreign Currency ◽  
External Debt ◽  
Industrial Sector ◽  
Balance Of Payments ◽  
Economic Policies ◽  
Public Budget ◽  
The Public ◽  
European Economies ◽  
The Impact

En este artículo desarrollamos un modelo macroeconómico de dos sectores, uno primario exportador y otro industrial que abastece el mercado interno. El análisis se completa incorporando la restricción del balance de pagos y del presupuesto público, de crucial importancia para las economías latinoamericanas y ciertas economías de la periferia europea. Bajo este esquema se estudia el impacto de la crisis internacional y se proponen tres políticas para enfrentarla: una reducción de los pagos por la deuda externa pública, un gravamen interno sobre el consumo de productos cuya oferta es básicamente externa y un gravamen sobre la compra de divisas por motivos financieros.<br /><br />The article proposes two-sector macroeconomic model, an exporting primary sector, and an industrial sector producing for the domestic market. The study includes the balance of payments and the public budget constrains, crucial in Latin American and peripheral European economies. The impact of the international economic crisis is integrated into this model; and three economic policies are suggested to overcome it: a cut on public external debt payments, a tax increase on imported goods consumption, and a tax on foreign currency acquisition for financial purposes.

scholarly journals FINANCIAL MECHANISM OF MANAGEMENT OF THE PUBLIC DEBT OF THE REPUBLIC OF KAZAKHSTAN

REPORTS ◽  
2019 ◽  
Vol 2 (324) ◽  
pp. 144-148
Author(s):  
Gaukhar Mataibaeva ◽  
◽  
Serik Makysh ◽  
Oksana Kopylova ◽  
◽  
...  
Keyword(s):  
Public Debt ◽  
The Public ◽  
The Republic ◽  
Financial Mechanism

scholarly journals Exchange Rate Fluctuations & Economy of Pakistan, Time series Analysis (1989-2013)

2020 ◽  
Vol 8 (16) ◽  
pp. 474-489
Author(s):  
Muhammad Salih Memon ◽  
Raheem Bux Soomro ◽  
Sajid Hussain Mirani ◽  
Mansoor Ahmed Soomro
Keyword(s):  
Time Series ◽  
Exchange Rate ◽  
Linear Regression ◽  
External Debt ◽  
Economic Policies ◽  
Economic Stability ◽  
Policy Makers ◽  
Independent Variables ◽  
Exchange Rate Fluctuations ◽  
Ministry Of Finance

Economic stability is remained on topmost priority of every country, and different measures were suggested by the researchers worldwide, by moving on the same track study was carried out to predict the currency valuation factors, data were collected from export promotion bureau, state bank of Pakistan, and ministry of finance for 25 years (1989-2013), by using linear regression; currency valuation as dependent variable, exports, changes in external debt, and total reserves as independent variables and concluded that only the exports of Pakistan is a right predictor of currency valuation of the country which policy makers must have incorporate in formation of economic policies and setting the targets before fiscal policy. 

ՀՀ տնտեսության պարտքային անվտանգության խնդիրները Արցախյան պատերազմի համատեքստում

2021 ◽  
pp. 181-188
Author(s):  
Ani Grigoryan
Keyword(s):  
Public Debt ◽  
Budget Deficit ◽  
External Debt ◽  
Military Operations ◽  
Economic Problems ◽  
Political Situation ◽  
Debt Burden ◽  
Military Expenditures ◽  
The Republic ◽  
The Government

The 2020 began with the Coronavirus crisis and ended with the Artsakh war, causing both financial and human losses. An extremely difficult economic and political situation was created for the Republic of Armenia. The volume of military expenditures, which is expenditure priority due to military operations, has increased by about 40 billion drams in the current year. The epidemic restrictions reduced tax revenues by about 113 billion drams. The purpose of this article is to reveal the challenges that Armenia has been facing, due to the epidemic and the Artsakh war, substantiating the approach, that the above-mentioned instabilities will inevitably lead to a violation of the logic of the planned economic growth. During the research, the indicators of the government debt-to-GDP ratio of different years were calculated by the method of quantitative analysis, which show the amount of the debt burden. As a result of the research we came to the conclusion that the economic problems will lead to an increase in the budget deficit. And the lack of the resources to finance the latter will make it inevitable for the Republic of Armenia to attract new external public debt, which will increase the already heavy external public debt burden of the RA. Considering the above-mentioned issues as a priority, this article aims to study the dynamics of the external debt obligations of the RA economy during the difficult economic and political period for the Republic of Armenia.

Pressures on embattled Zambian government will grow

2019 ◽  
Keyword(s):  
World Bank ◽  
Public Debt ◽  
External Debt ◽  
The United States ◽  
Bank Loans ◽  
Content Type ◽  
The Public ◽  
Currency Depreciation ◽  
Debt Burden ◽  
The Government

Subject Zambian debt crises. Significance Both the IMF and World Bank have cut their growth projections for Zambia, compounding concerns about currency depreciation, inflation and escalating external debt. Amid public anger at worsening corruption, the government and President Edgar Lungu are struggling to contain mounting dissent. Impacts Lusaka’s ties to China, and criticism from the United States, could undermine future access to concessional IMF and World Bank loans. An opposition alliance will struggle to stay united and withstand authoritarian pressures from the government in advance of the 2021 polls. Growth will be slower than expected this year and next, and currency depreciation will continue to exacerbate the public debt burden.

Fiscal Stress Analysis in the Republic of Serbia

2017 ◽  
Vol 55 (1) ◽  
pp. 55-69
Author(s):  
Jadranka Đurović-Todorović ◽  
Marina Đorđević ◽  
Marija Vuković
Keyword(s):  
Public Sector ◽  
Public Debt ◽  
Composite Indicator ◽  
Fiscal Crisis ◽  
Fiscal Stress ◽  
Annual Data ◽  
The Public ◽  
Signal Approach ◽  
The Republic ◽  
The Empirical Analysis

Abstract The goal is to examine the level of fiscal stress in the Republic of Serbia and to investigate whetherit suggests a crisis of public debt. The empirical analysis of annual data has been done for the period 2007 to 2014, in two cases: (i) charging indicators of the vulnerability boundaries to the fiscal crisis using the signal approach (ii) an assessment of whether the public debt is reduced at a satisfactory pace by applying the criterion of the operationalisation of debt. The resulting composite indicator points to a crisis of public debt in the Republic of Serbia. The investigation of fiscal and macrofinancial variables showed that the public sector and private sector (macro-financial side) have over-consumption followed the process of the accumulation of the public debt. The outputs suggest that the level of the public debt in 2016 is above the benchmarks, which means that there is a violation of the operationalisation of the debt criterion in 2014.

scholarly journals The Relationship between Public Debt and Economic Growth in Albania and Other Countries

2018 ◽  
Vol 7 (3) ◽  
pp. 95-102
Author(s):  
Eneida Përmeti Çifligu
Keyword(s):  
Economic Growth ◽  
International Monetary Fund ◽  
Public Debt ◽  
The Public ◽  
The World ◽  
Ministry Of Finance ◽  
The Relationship ◽  
The International Monetary Fund

Abstract The purpose of this study is the relationship between public debt and economic growth in Albania in post-dictatorships. Many authors have analyzed the mutual link between economic growth and public debt and the results and the methodologies are different in different countries and periods. Let’s see what data are specifically about these two indicators (provided by the Ministry of Finance, the Bank of Albania and the International Monetary Fund). Does the public debt performance affects the trend of the economic growth or not? I have mentioned what are the main events and phenomena in Albania, in Europe and in the World that have affected the Albanian economy. For these years, I have made comparisons with situations in other countries.

scholarly journals More efficient payment of tax and preventing tax evasion

2018 ◽  
Vol 55 (1) ◽  
pp. 251-263 ◽  
Author(s):  
Ksenija Cipek
Keyword(s):  
Public Sector ◽  
High Risk ◽  
Tax Evasion ◽  
Flexible Approach ◽  
The Public ◽  
Use Of Resources ◽  
The Republic ◽  
Key Aspects ◽  
Tax Payers ◽  
Internal Communications

Here the author analyses the key aspects of Strategies of external and internal communications of the Taxation Department between 2012 to 2015, and the Taxation Department’s vision of strengthening its reputation as a successful institution in the public sector of the Republic of Croatia. Forms of communication which should contribute to the establishment of a flexible approach towards tax payers are elaborated and evaluated. The author concludes that there is a need to focus prevention. Prevention ensures less cost and a better result. Measures of a repressive nature should be efficiently and timely directed towards high risk tax payers. This would achieve optimal use of resources of taxation (external) supervision. Those measures are necessary in order to combat tax evasion.

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