scholarly journals THE IMPACT OF THE BUDGET DEFICIT ON THE FINANCIAL SECURITY OF UKRAINE

2021 ◽  
pp. 11
Author(s):  
L. Zhukova ◽  
N. Shabaldas
Keyword(s):  
Budget Deficit ◽  
Financial Security ◽  
The Impact

scholarly journals THE IMPACT OF STATE DEBT ON THE COUNTRY FINANCIAL SECURITY

2020 ◽  
pp. 65-76
Author(s):  
В. А. Джрагацпанян ◽  
Є. Г. Постикіна
Keyword(s):  
Public Debt ◽  
Budget Deficit ◽  
Inflation Rate ◽  
Economic Security ◽  
Financial Security ◽  
Budget Deficits ◽  
The Public ◽  
Macroeconomic Indicators ◽  
Practical Model ◽  
The Impact

The article discusses the theoretical and practical aspects of ensuring the financial security of Ukraine, highlights the main macroeconomic indicators that determine the level of economic security. The public debt and its impact on economic security are analyzed. A practical model has been developed – the effect of GDP, inflation and budget deficits on public debt. Statistical factors are considered to give the main factors (GDP, inflation rate, budget deficit and public debt) that determine the current level of financial security and understanding of the level of their influence.

scholarly journals Evaluating the Impact of Budget Deficit on the Financial Security of the State

2019 ◽  
Vol 7 (498) ◽  
pp. 266-272
Author(s):  
T. A. Koliada ◽  
◽  
M. V. Guz ◽  
Keyword(s):  
Budget Deficit ◽  
The State ◽  
Financial Security ◽  
The Impact

Determinants of Inflation in Vietnam: A VECM Approach

2015 ◽  
Vol 22 (04) ◽  
pp. 26-50
Author(s):  
Ngoc Tran Thi Bich ◽  
Huong Pham Hoang Cam
Keyword(s):  
Interest Rate ◽  
Crude Oil ◽  
Error Correction ◽  
Budget Deficit ◽  
Oil Prices ◽  
Crude Oil Prices ◽  
Domestic Credit ◽  
Short Run ◽  
The Impact

This paper aims to examine the main determinants of inflation in Vietnam during the period from 2002Q1 to 2013Q2. The cointegration theory and the Vector Error Correction Model (VECM) approach are used to examine the impact of domestic credit, interest rate, budget deficit, and crude oil prices on inflation in both long and short terms. The results show that while there are long-term relations among inflation and the others, such factors as oil prices, domestic credit, and interest rate, in the short run, have no impact on fluctuations of inflation. Particularly, the budget deficit itself actually has a short-run impact, but its level is fundamentally weak. The cause of the current inflation is mainly due to public's expectations of the inflation in the last period. Although the error correction, from the long-run relationship, has affected inflation in the short run, the coefficient is small and insignificant. In other words, it means that the speed of the adjustment is very low or near zero. This also implies that once the relationship among inflation, domestic credit, interest rate, budget deficit, and crude oil prices deviate from the long-term trend, it will take the economy a lot of time to return to the equilibrium state.

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.

Public debts of Arab countries: selected indicators

2017 ◽  
Vol 10 (2) ◽  
pp. 321-324
Author(s):  
Gabi El-Khoury
Keyword(s):  
Public Debt ◽  
Budget Deficit ◽  
External Debt ◽  
Arab Countries ◽  
Debt Service ◽  
Goods And Services ◽  
The Impact ◽  
Public Debts

This statistical file is concerned with the issue of public debts in Arab countries. It assumes that public debt is a key source to fund the budget deficit in most Arab countries, and the rising public debt, particularly external debt, is increasingly becoming a concern for several countries in the region due to the pressure debt servicing might impose on these countries, which basically suffer an uncomfortable primary balance, in addition to the impact of crises in the region. Table 1 provides indicators on domestic public debts with ratios of debts to GDP, while Table 2 gives figures of external public debts with debt ratios to GDP. Table 3 provides estimates of total public debts with their ratios to GDP, while Tables 4 and 5 show figures of external public debt service, ratios of debt servicing to exports of goods and services and external public debt service ratios to Arab governments’ revenues respectively.

Fiscal Deficit and Economic Growth in Bangladesh

2016 ◽  
Vol 62 (1) ◽  
pp. 31-42 ◽  
Author(s):  
Ebney Ayaj Rana ◽  
Abu N. M. Wahid
Keyword(s):  
Economic Growth ◽  
Budget Deficit ◽  
Negative Impact ◽  
Political Stability ◽  
Ordinary Least Squares ◽  
Policy Implications ◽  
Government Budget ◽  
The Government ◽  
The Impact ◽  
Government Budget Deficit

The economy of Bangladesh is currently going through a period of continuous budget deficit. The present data suggest that the government budget deficit, on average, is nearly 5% of the country’s GDP. This has been true since the early 2000s. To finance this deficit, governments have been borrowing largely from domestic and foreign sources resulting in inflationary pressure on one hand, and crowding out of private investments on the other. During the same period, although the economy has grown steadily at a rate of more than 6%, this growth is less than the potential. This article presents an econometric study of the impact of government budget deficits on the economic growth of Bangladesh. We conduct a time-series analysis using ordinary least squares estimation, vector error correction model, and granger causality test. The findings suggest that the government budget deficit has statistically significant negative impact on economic growth in Bangladesh. Policy implications of our findings include reestablishing the rule of law, political stability in the country, restructuring tax structure, closing tax loopholes, and harmonizing fiscal policy with monetary policy to attract additional domestic and foreign investment.

scholarly journals APPROBATION OF THE FEDERAL BUDGET DEFICIT MANAGEMENT PORTFOLIO MODEL

2019 ◽  
Vol 29 (5) ◽  
pp. 589-595
Author(s):  
D.M. Mikhaylov
Keyword(s):  
Budget Deficit ◽  
Federal Budget ◽  
Fiscal Year ◽  
Model Parameters ◽  
Federal Law ◽  
Planning Period ◽  
Economic Agents ◽  
Federal Budget Deficit ◽  
Macroeconomic Uncertainty ◽  
The Impact

The article tested a modification of the G. Markowitz’s model for the task of managing the federal budget deficit in the formation of the federal law about the federal budget for the next fiscal year and for the planning period. The logical-mathematical method of empirical research was used in modeling with the use of theoretical conclusions in the sphere of public finance. The possibility of practical use of such a model is justified by the given assessment of the model parameters based on actual data for 2010-2017. Based on historical data, restrictions on the marginal volume of revenue planning from deficit financing sources are assumed. Because of macroeconomic uncertainty potential revenues are projected using interval coefficients. The effectiveness of the federal budget deficit management portfolio constructed according to the model is proposed to be compared with the deficit management parameters laid down in the federal budget in 2018. In addition, based on the assessment of the impact of diversification and expectations of economic agents (in the model presented as "transaction costs") the article discussed the feasibility of using the model in planning the management of the federal budget deficit. Taking into account the empirical results it is concluded that ignoring the expectations of the planning period in the formation of the federal budget deficit management strategy can lead to significant losses in revenues.

scholarly journals The Impact Of Macroeconomic Factors In Economic Growth

2016 ◽  
Vol 12 (7) ◽  
pp. 331 ◽  
Author(s):  
Alush Kryeziu
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Public Debt ◽  
Budget Deficit ◽  
Econometric Model ◽  
Macroeconomic Factors ◽  
The Public ◽  
Time Period ◽  
Macroeconomic Indicators ◽  
The Impact

In this paper will be discussed the main concepts and trends of the macro-fiscal indicators in economic growth, as well as their importance in the economic development of different countries, with special emphasis in Kosovo. One of the aims of this paper is to define and explain the connection between macroeconomic indicators with specific emphasis: the public debt, budget deficit and inflation on economic growth. In order to analyze this impact of variables in economic growth, the targeted time period of research is the period from 2004 to 2014. While the data taken regarding Kosovo were obtained from the year 2005, due to the fact that earlier the data have been limited because of the developments in which Kosovo went through. The model that best represents the link between macro-fiscal indicators on economic growth is the linear regression as an econometric model. We will have the opportunity to see and interpret these data. The overall results have emerged in accordance with theoretical discussions presented, but this relationship has not turned out to be very strong because the coefficients acquired did not have great explanatory skills for economic phenomena.

Estimated impact of COVID-19 on the Jordanian economy

2021 ◽  
Vol 5 (3) ◽  
pp. 34-41
Author(s):  
Jameel Aljaloudi
Keyword(s):  
Economic Growth ◽  
Unemployment Rate ◽  
Public Debt ◽  
Budget Deficit ◽  
International Institutions ◽  
Economic Downturn ◽  
International Labor Organization ◽  
Negative Effects ◽  
Poverty And Inequality ◽  
The Impact

This study aims to estimate the negative effects of COVID-19 on the Jordanian economy. These effects are expected to coincide with the results of studies carried out by international institutions. For example, the International Labor Organization (ILO) estimated indicate an increase in the number of unemployed to 5.3 million (the “low” scenario) and 24.7 million (the “high” scenario), from a baseline of 188 million in 2019 (ILO, 2020a). Experts from the World Bank and the International Monetary Fund (IMF) confirmed that the global economic downturn (caused by the coronavirus pandemic) is the largest in the past eight decades, which will lead to an increase in poverty and inequality and harm economic growth in the long term. (News 18, 2020). To measure the impact of COVID-19 on the Jordanian economy, the following indicators were adopted: an economic growth, an unemployment rate, a foreign trade (imports and exports), public revenues, public spending, a public debt, and a budget deficit. The study relied on data contained in reports issued by international institutions and official institutions in Jordan. The results indicate a slowdown in the rate of economic growth, an increase in the unemployment rate, a decrease in exports and imports, an increase in the public debt and the budget deficit

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