scholarly journals Problems of the Growth of the External Public Debt of the Kyrgyz Republic

2021 ◽  
Vol 39 (5) ◽  
Author(s):  
Cholpon Toktosunova ◽  
Nurmira Sharsheeva ◽  
Gulnaz Abdukadyrova ◽  
Nazgul Rasulova ◽  
Saikal Esenamanova
Keyword(s):  
Public Debt ◽  
Economic Security ◽  
Modern World ◽  
Kyrgyz Republic ◽  
State Budget ◽  
Dialectical Logic ◽  
Economic Transformations ◽  
Foreign Loans ◽  
Internal Sources ◽  
National Economies

The problems of the growth of public debt affect an increasing number of states in the modern world. Most countries record a significant shortage of their resources when making domestic investments and cover the state budget deficit and carry out socio-economic transformations. This lack of funds led to the formation of an economic debt system. At the same time, with the liberalization and globalization of financial markets, there will be an increase in the dependence of national economies on external replenishment. When carrying out economic transformations, most of the modern world countries resort to using external and internal sources of financing.The Kyrgyz Republic is no exception to this rule and today is largely dependent on external funding from foreign donors. At the same time, the lack of a consistent policy in attracting and using external and internal financial resources has led to the formation of significant external debt, which does not allow for economic transformations to ensure the country’s economic security. As a result of this study, recommendations were formed for the Ministry of Finance of the Kyrgyz Republic, which proposes a balanced policy of attracting expensive foreign loans to reduce the debt burden. In this study, the principles of dialectical logic, the unity of the logical and the historical, and generally scientific methods of cognition were used. Analysis, synthesis, consistency, special comparisons, groupings, classifications, generalization can be distinguished.

scholarly journals COMPONENTS OF THE BUDGET SYSTEM OF UKRAINE AS FACTORS OF FINANCIAL AND ECONOMIC SECURITY

2020 ◽  
Vol 1 (3) ◽  
pp. 29-34
Author(s):  
Oleh Holovko ◽  
Lilia Solomonova
Keyword(s):  
Public Debt ◽  
Financial Stability ◽  
Budget Deficit ◽  
Economic Security ◽  
The State ◽  
State Budget ◽  
Decentralization Reform ◽  
State Pension ◽  
Practical Recommendations ◽  
Budget System

The purpose of this study is to analyze the components of the budget system of Ukraine as factors of financial and economic security to identify negative trends in the context of the implementation of decentralization reform. It is proved that the research of this direction should start with the analysis of the conceptual apparatus and structural relationships between categories. At the top level of the hierarchy there is the category of national security of Ukraine, which, according to current legislation, means the protection of state sovereignty, constitutional order and other national interests of the country from real and potential threats. The category of financial and economic security is also often used in the scientific literature. Given the above classification, in this case we are talking about the financial security of the country as a factor of economic security. Methodology. To stimulate economic development, the practice of modern budget regulation provides for the presence of a planned deficit, which is a source of local and public debt. Depending on the areas of its financing, there are domestic and foreign, local and national debts. The relationship between the above indicators determines the level of budget security of the country, which is one of the most important factors of financial stability was identified in the work. Results. It is proved that, according to the results of the analysis, practical recommendations on budget policy of Ukraine as a factor of financial and economic security should take into account the following steps: against the background of growing social burden on the budget, it is necessary to continue the redistribution of budget funds in favour of the regions, which will increase their level of financial autonomy and reduce the amount of transfer payments; pursue a strict restriction policy to prevent the growth of the state budget deficit and uncontrolled increase in debt; the problem of pension provision increases the burden on the state budget every year. It is necessary to take measures to create a cumulative system of state and non-state pension insurance. Practical implications. The practical consequences prove that in 2016 the public debt of the consolidated budget of Ukraine reached a record 81% of GDP. However, effective economic and budgetary policy allowed to reduce it in 2019 to 50.3%, which was positive. Moreover, the share of external debt was 29.2%. The high budget deficit in 2020 will lead to an increase in debt to 58.7% of GDP, which offsets the previous positive changes. It is determined that at the beginning and at the end of the study period the expenditures of the pension system of Ukraine have been equal to about 10% of GDP. At the same time, financing from own revenues has decreased from 8% to 6%, which is negative. The most critical situation became after 2013, when this indicator began to decline rapidly, increasing the burden on the state budget. Value/originality of the work is an analysis of the components of the budget system of Ukraine as factors of financial and economic security, which in contrast to the existing ones is based on the need for further implementation of decentralization reform and allows to develop practical recommendations for budget regulation.

Level of economic security of NATO Eastern flank countries

2018 ◽  
Vol 32 (32) ◽  
pp. 202-221
Author(s):  
Agnieszka Sałek-Imińska
Keyword(s):  
Economic Recession ◽  
Economic Factor ◽  
Threshold Level ◽  
Economic Security ◽  
Critical Threshold ◽  
Modern World ◽  
Gdp Growth ◽  
Value Judgments ◽  
Eastern Flank ◽  
National Economies

In the modern world an undoubted increase in the economic factor of maintaining the security of states is observed. Economic security is an important element of the functioning of national economies, including the states of the eastern flank of NATO. Perceiving economic security as a balance of development needs of these states we can identify several areas of activity of its quantifiers, which can include development, infrastructure and balance opportunities and needs. To determine the levels of these quantifiers, we must use a carefully selected set of meters. One of them is Gross Domestic Product (GDP) which clearly describes the measurable features present in the analyzed national economies. The objective of this article is to attempt to indicate the level of the economic security of NATO’s eastern flank states in terms of the level of economic growth measured by GDP. From an autonomous perspective, this meter does not give grounds for expressing value judgments in the context of the widely understood level of economic security, but it constitutes their necessary component and basis for further analyzes and evaluations. For the needs of the elaboration, an assumption was made, being a simplification of the economic reality, indicating that changes in annual GDP will show the level of the economic security of NATO’s eastern flank states. Hence, an increase in GDP growth lower than 1.9% in a period, which the analysis refers to, is a sign of a decrease in the level of economic security of a given state and vice versa. In all the states of NATO’s eastern flank, an improvement in its level was observed, where in 2017 in all the states of NATO’s eastern flank the rate of GDP growth was higher than the assumed critical threshold level of 1.9%. Years 2014–2016 also constitute a period of improvement in the level of the economic security of the analyzed states, except for Bulgaria in 2014, Estonia and Lithuania in 2015 and Estonia in 2016. While the period from 2008 to 2013 is a period when the level of the economic security of the states of NATO’s eastern flank is diverse and there are no indications that it improved. In the context of the analyzed problem, the best years were 2008 and 2011, for which GDP growth was the highest. In 2008 Estonia, Latvia and Hungary were those that did not reach the critical threshold (decline in economic security). The other six states were characterized by an increase in the level of economic security. The following year is a period when all the states (except for Poland) did not register any improvement. This resulted from a general economic recession, which was observed in the region of Central and Eastern Europe. Considering the number of years for which the assumed critical threshold level of 1.9% was not reached, we can claim that the economy of Poland (2 periods: 2012–2013), and then Czech Republic, Lithuania, Latvia and Slovakia (3 periods), Romania (4 years) and Bulgaria, Estonia and Hungary (5 years) were characterized by the highest level of economic security in the analyzed period.

scholarly journals The Consumer Market in the New Economy

2021 ◽  
Vol 93 ◽  
pp. 04011
Author(s):  
Kheda Murtazova ◽  
Madina Abdulkadirova
Keyword(s):  
Rapid Development ◽  
Modern World ◽  
High Tech ◽  
The World ◽  
World Economic ◽  
New Type ◽  
The Creation ◽  
Internal Sources ◽  
Innovative Economy ◽  
National Economies

The active globalization of the modern world is causing ever more severe challenges to national economies. Economies that adequately and timely respond to these challenges form the core of the world economic system. The only real opportunity to overcome the prevailing negative trend is the creation of an innovative economy with powerful internal sources of development that allow maintaining (at least) and strengthening (as a norm) the competitiveness of the Russian economy in the context of the rapid development of the rest of the world. The key manifestation of the formation of a new type of economy was the acceleration of the rate of investment in intangible assets and the creation of conditions for the constant reproduction of knowledge and its implementation in new high-tech products and services.

scholarly journals Analysis of public debt of Ukraine

2020 ◽  
pp. 187-195
Author(s):  
Vitalina Malyshko ◽  
Natalia Yevtushenko ◽  
Yuliia Horodnichenko
Keyword(s):  
Public Debt ◽  
Synthesis Method ◽  
Economic Security ◽  
Negative Effects ◽  
State Budget ◽  
Analysis And Synthesis ◽  
The Status ◽  
Zero Values ◽  
The Government ◽  
The Impact

Subject of research is public debt. The purpose of this article is to analyze the status of public debt of Ukraine, its dynamics and structure. Methods which were used in course of research: the method of systemic structural analysis and synthesis, method of comparative analysis, generalization, statistical, General, special methods of scientific knowledge and other research methods. Study results.The article described the views of scientists on the essence of economic category «public debt». Analyzed the periods of the formation of government debt, the dynamics of the budget deficit of Ukraine over the past 10 years, public and publicly guaranteed debt of Ukraine from 2012 to 2019 Indicated the negative effects of the impact of public debt on the economy and forward-looking indicators of public debt in the years 2020-2024. Application of results.Тhe results of the study can be used in the activities of the Ministry of Finance of Ukraine, the Verkhovna Rada of Ukraine, as well as in institutions of higher education in teaching economic disciplines. Conclusions.The state budget of Ukraine is performed by increasing the volume of its deficiency and the use of borrowing to Finance it. The result is an increase in government direct and guaranteed debt, and this is what causes the increased pressure on the public finances, on the development of our country, which negatively affects economic growth. During the years of independence, there were fluctuations in government and government-guaranteed debt, but never reached zero values. The main objective of the government is to stabilize the economy, and hence in the medium term, he needs to resolve the question of reducing public debt because it poses a threat to financial and economic security of the country.

Secular stagnation in the modern world

2018 ◽  
pp. 125-141 ◽  
Author(s):  
S. M. Drobyshevsky ◽  
P. V. Trunin ◽  
A. V. Bozhechkova
Keyword(s):  
Public Debt ◽  
Capital Accumulation ◽  
Technological Development ◽  
Japanese Economy ◽  
Modern World ◽  
Key Factors ◽  
Destruction Process ◽  
Secular Stagnation ◽  
The Impact

The paper studies the factors of secular stagnation. Key factors of long-term slowdown in economic growth include the slowdown of technological development, aging population, human capital accumulation limits, high public debt, creative destruction process violation etc. The authors analyze key theoretical aspects of long-term stagnation and study the impact of these factors on Japanies economy. The authors conclude that most of the factors have significant influence on the Japanese economy for recent decades, but they cannot explain all dynamics. For Russia, on the contrary, we do not see any grounds for considering the decline in the economy since 2013 as an episode of secular stagnation.

PRACTICAL ASPECTS OF APPLICATION OF THE MODEL OF INTEGRAL ASSESSMENT OF THE LEVEL OF ECONOMIC SECURITY OF UKRAINE

2017 ◽  
Author(s):  
Oksana Gaiduchok ◽  
◽  
Oleksiy Stupnytskyi ◽  
Keyword(s):  
National Security ◽  
Economic Security ◽  
Modern World ◽  
Security Threats ◽  
National Interests ◽  
Modern Times ◽  
Military Security ◽  
Integral Assessment ◽  
Political Economic

In modern times, it is believed that by reducing the risk of military intervention, military security has lost its relevance, and economic security has become a priority of national interests. The principle of economic security is as follows: national interests are supported through an economic system that supports free exchange and ensures the upward mobility of the nation. The analysis of economic security is based on the concept of national interests. It is well known that the problem of national security and its components cannot be considered only from the standpoint of current interests; it is closely related to the possibilities of their implementation over a significant, long-term period. Each stage of realization of national interests of the country is characterized by its assessment of its geopolitical, geostrategic and geoeconomic conditions, security threats and the main carriers of these threats, the mechanism of realization of national interests (each of the stages has its own assessment of the main definitions and categories of security, the main vectors of geoeconomic policy). Economic security is the foundation and material basis of national security. A state is in a state of security if it protects its own national interests and is able to defend them through political, economic, socio-psychological, military and other actions. There is a close connection between economic security and the system of national and state interests, and it is through this category that the problems of economic potential and economic power of the state, geopolitical and geoeconomic positions of the country in the modern world are intertwined. At a time when regional forces are trying to expand markets, provide access to finance and the latest technology, economic security has become a necessary component of the ability of regional forces to expand their influence. The article is devoted to the study of economic security of Ukraine and its components using the model of quantitative assessment of economic security of Ukraine. Using the Fishburne method, a model is built that allows to obtain an integrated assessment of the level of economic security based on the synthesis of nine partial indicators.

IMPACT OF GOVERNMENT DEBT ON FINANCIAL SECURITY OF UKRAINE

2017 ◽  
Author(s):  
Olena Pikaliuk ◽  
◽  
Dmitry Kovalenko ◽  
Keyword(s):  
Economic Development ◽  
Public Debt ◽  
Positive Impact ◽  
The State ◽  
Financial Security ◽  
State Budget ◽  
The Public ◽  
Debt Security ◽  
The Stability ◽  
The Impact

One of the main criteria for economic development is the size of the public debt and its dynamics. The article considers the impact of public debt on the financial security of Ukraine. The views of scientists on the essence of public debt and financial security of the state are substantiated. An analysis of the dynamics and structure of public debt of Ukraine for 2014-2019. It is proved that one of the main criteria for economic development is the size of public debt and its dynamics. State budget deficit, attracting and using loans to cover it have led to the formation and significant growth of public debt in Ukraine. The volume of public debt indicates an increase in the debt security of the state, which is a component of financial security. Therefore, the issue of the impact of public debt on the financial security of Ukraine is becoming increasingly relevant. The constant growth and large amounts of debt make it necessary to study it, which will have a positive impact on economic processes that will ensure the stability of the financial system and enhance its security.

MAIN PROBLEMS OF PUBLIC DEBT MANAGEMENT OF THE RUSSIAN FEDERATION

2021 ◽  
Vol 2 (5) ◽  
pp. 27-31
Author(s):  
I. V. SUGAROVA ◽  
◽  
N. V. TADTAEVA ◽  
Keyword(s):  
Economic Growth ◽  
Russian Federation ◽  
Public Debt ◽  
World Economy ◽  
Debt Management ◽  
Financial Resources ◽  
Modern World ◽  
The Russian Federation ◽  
Public Debt Management

In the modern world economy, most countries lack the financial resources to fully perform their duties and functions to their citizens. The consequence of the increase in borrowing by countries is the growth of public debt. Its management is becoming one of the most acute problems in the current conditions. The article presents the main aspects of this problem, and suggests measures to stimulate the country's economic growth.

THREATS TO INTERNATIONAL ECONOMIC SECURITY AND ITS CONSEQUENCES

2021 ◽  
Author(s):  
A.Y. Rudenko ◽  
◽  
E.S. Novopashina ◽  
Keyword(s):  
International Economic ◽  
Economic Security ◽  
Main Trend ◽  
Modern World ◽  
Technological Changes ◽  
Cultural Conflicts ◽  
Poor Countries ◽  
The Russian Federation ◽  
The One ◽  
World Development

Radical changes are taking place in the modern world. Globalization caused by technological changes has become the main trend of world development. On the one hand, increased interdependence of countries and regions, and increasing the gap between rich and poor countries, aggravated the socio-economic, socio-political, ethno-cultural conflicts within countries. Therefore, maintaining international economic security requires new approaches and a new level of interstate interaction. The Russian Federation is in such a situation, which determines the need for research and implementation of a scientifically based security system.

scholarly journals Modern geopolitical challenges to russia's economic security: institutional factors and historical continuity

2020 ◽  
Vol 2020 (1) ◽  
pp. 76-81
Author(s):  
S Rabkin
Keyword(s):  
Economic Analysis ◽  
Russian Federation ◽  
Institutional Analysis ◽  
Economic Security ◽  
Institutional Factors ◽  
Modern World ◽  
Historical Continuity ◽  
Analysis Methodology ◽  
The Russian Federation ◽  
The Impact

Using the main elements of the institutional analysis methodology, the author considers the impact of geopolitical factors on Russia's economic security. Based on historical and economic analysis, it is concluded that the decisions of the Crimean (Yalta) and Potsdam (1945) conferences that defined the contours of the multipolar model of the modern world should be followed. As a counteraction to the geopolitical challenges to the economic security of the Russian Federation in a multipolar world, it is proposed to consider the issues of spatial development as an institutional basis for the formation of a future model of global security.

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