Formation, consequences and ways of reducing the state debt of Ukraine

Public Debt ◽

Foreign Affairs ◽

Social Programs ◽

Negative Consequences ◽

Significant Cost ◽

The Stability ◽

The International Monetary Fund ◽

Large Sections ◽

Internal Debt

Introduction. In the current realities of Ukraine, this problem affects all segments of society. The article reflects the peculiarities of the formation, the main consequences of the debt and the directions of its reduction. The purpose of the paper is to analyze the volume, identify the peculiarities of the formation, highlight the consequences and justify ways to reduce Ukraine's public debt. Results. The study focuses on the importance of public debt and its impact on economic development. It is emphasized that one of the significant problems is the significant cost of. The dynamics of public debt of Ukraine during 2014–2020 is analyzed. According to the results of the analysis, the signs of dynamism, currency comparison, proportionality of external and internal debt are determined. The positive and negative consequences of the debt are substantiated with the corresponding argumentation. The essence of the positive consequences is the possibility of maintaining Ukraine's gold and foreign exchange balance at a reliable level in compliance with the necessary settlement standards and promoting the stability of the national currency. In addition, it is important formation of a positive image of Ukraine as a country with a stable financial system. The negative consequences are manifested in the fact that significant amounts of debt cause the allocation of budget funds for its maintenance, which is a burden on the implementation of economic and social programs. Negative processes are also being formed in society, as the conditions for providing the next tranches, especially from the International Monetary Fund, affect social problems and do not always find understanding in large sections of society. Relationships with international creditors, in particular the International Monetary Fund, and governments of other countries were assessed. Proposals for debt reduction have been developed with a recommendation to implement measures for the Cabinet of Ministers of Ukraine, relevant ministries of production and the Ministry of Foreign Affairs of Ukraine. Conclusion. The peculiarities of public debt formation are revealed in the work, its influence on the economy of Ukraine is determined and substantiated proposals on reduction of its volumes are developed.

صندوق النقد الدولي واثره على الاقتصاد العراقي

Iraqi Journal of Economic Sciences ◽

10.31272/ijes2021.69.2 ◽

2021 ◽

Vol 2021 (69) ◽

pp. 22-37

Author(s):

م. فاضل كريعة كزار

Keyword(s):

Developing Countries ◽

Financial Institutions ◽

Public Debt ◽

Social Problems ◽

International Community ◽

Fiscal Deficit ◽

Economic Crises ◽

Pros And Cons ◽

challenges facing the Iraqi economy, so the Iraqi authorities were forced to turn to the International Monetary Fund, which helps countries face their crises and implements corrective policies aimed at stabilizing the economy and its growth and providing preventive financing for the impacts and challenges facing developing countries, especially Iraq. funding for the reconstruction, which is estimated at (88) billion dollars, and the international community has pledged to contribute (30) billion dollars, and this funding is still limited due to the economic and social problems that affected the activity. variables, where there is a large fiscal deficit, an increase in public debt levels and political instability, which led to the creation of successive economic crises that forced the country to resort to financial institutions to improve its economic situation despite the pros and cons of these financial institutions.

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

Academic Journal of Interdisciplinary Studies ◽

10.2478/ajis-2018-0061 ◽

2018 ◽

Vol 7 (3) ◽

pp. 95-102

Author(s):

Eneida Përmeti Çifligu

Keyword(s):

Economic Growth ◽

Public Debt ◽

The Public ◽

The World ◽

Ministry Of Finance ◽

The Relationship ◽

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.

International Monetary Fund and Its Impact on the Financial System of Ukraine

Business Inform ◽

10.32983/2222-4459-2021-10-298-304 ◽

2021 ◽

Vol 10 (525) ◽

pp. 298-304

Author(s):

N. А. Plieshakova ◽

◽

O. S. Lialkin ◽

Keyword(s):

Public Debt ◽

Financial System ◽

Economic Consequences ◽

Scientific Article ◽

Scientific Papers ◽

Credit Programs ◽

The Impact ◽

The International Monetary Fund ◽

The Imf

The proposed scientific article is devoted to the topical issue of the need for Ukraine’s cooperation with the International Monetary Fund. In the context of the growing socio-economic crisis phenomena in the world and taking into account the significant problems that have been taking place in the Ukrainian economy in recent years, it is advisable to assess the IMF’s impact on the financial system of Ukraine. The article is aimed at studying in-depth the key problems of Ukraine’s cooperation with the International Monetary Fund, covering the impact of loans granted to Ukraine from the IMF on the country’s financial system and developing possible directions and ways to ensure effective cooperation between Ukraine and the IMF for the future. In analyzing and generalizing the scientific papers of domestic and foreign scientists, the authors consider the views on strengthening the role of the International Monetary Fund, which is caused by the spread of COVID-19, analyze the key functions of the International Monetary Fund and criticism on the part of the IMF for servicing the economic and political interests of the countries that have the highest quota, and not those in need of financial assistance. The article considers the dynamics of Ukraine’s use of IMF credit programs, in particular: dynamics of borrowings and repayments by Ukraine of the borrowed resources from the IMF; credit programs within the framework of Ukraine’s cooperation with the IMF in 2014–2021; share of debt to the IMF in the external and total public debt of Ukraine; critical indicators of Ukraine’s public debt and economic consequences. Prospects for further research in this direction are finding ways to improve the debt policy strategy, as well as to implement a coherent strategy for managing the external public debt.

Contributions to Economic Analysis - Dynamic Policy Games in Economics - Essays in Honour of Piet Verheyen ◽

Servicing the Public Debt: The Role of Expectations* *I have greatly benefited from comments received at Johns Hopkins University, Georgetown University, the Macro Lunch Group of the University of Pennsylvania, MIT, and the Research Department of the International Monetary Fund. I am particularly indebted to Matt Canzoneri, Sara Guerschanik-Calvo, Joseph Harrington, Jr, Elhanan Helpman, Nissan Leviatan, Maury Obstfeld, Assaf Razin, Sweder van Wijnbergen and two anonymous referees. The research on this paper was partly done while I was a visiting scholar at the Research Department of the Internationed Monetary Fund, and it was partially funded by the National Science Foundation. However, any opinions expressed are entirely my own and not those of any of the above institutions. This paper has already been published in the The American Economic Review, 78, 4, September 1988, pp. 647–661.

10.1016/b978-0-444-87387-3.50017-7 ◽

1989 ◽

pp. 241-266 ◽

Cited By ~ 1

Author(s):

Guillermo A. Calvo

Keyword(s):

Public Debt ◽

American Economic Review ◽

University Of Pennsylvania ◽

The Public ◽

Research Department ◽

Johns Hopkins University ◽

The University ◽

The stability of the gold standard and the evolution of the international monetary fund system

Modern Perspectives on the Gold Standard ◽

10.1017/cbo9780511895456.006 ◽

1997 ◽

pp. 165-188 ◽

Cited By ~ 2

Author(s):

Tamim Bayoumi ◽

Barry Eichengreen

Keyword(s):

Gold Standard ◽

The Stability ◽

Critical Analysis of Public Debt and Tendencies of its Management

Public Policy And Administration ◽

10.13165/vpa-15-14-2-03 ◽

2015 ◽

Vol 14 (2) ◽

pp. 194

Author(s):

Žaneta Karazijienė

Keyword(s):

World Bank ◽

Public Debt ◽

Critical Analysis ◽

Maastricht Treaty ◽

Debt Management ◽

The Public ◽

The World Bank ◽

The World ◽

One of the most important factors in the macroeconomic system of every country is public debt. This is due to the processes of debt forming and its servicing has a significant influence to the financial system, the investment climate, the consumption structure and the development of the international corporation. The most common reason of the public debt and its increase is the existing policy which cannot ensure a steady balance of the state revenue and expenditure. A variety of theoretical concepts of the public debt management, scientists’ attitude towards the public debt, critical indicators (selected according to indicators defined in the Maastricht Treaty and in accordance with the International Monetary Fund and the World Bank requirements) of the acceptability assessment of the public debt are analysed in this article. On the basis of identified critical indicators of the public debt acceptability, the critical analysis of Lithuanian borrowing tendencies and assessment of indicators is performed. The results revealed that Lithuania is often provided for non-compliance with the criteria approved by the Maastricht Treaty or the International Monetary Fund and the World Bank. The mathematical modelling of the Lithuanian public debt projections indicated that a tendency of a positive downward on the Lithuanian public debt share of GDP is likely to happen in the future.

Der Aufschwung des Katastrophen-Kapitalismus

PROKLA Zeitschrift für kritische Sozialwissenschaft ◽

10.32387/prokla.v36i143.556 ◽

2006 ◽

Vol 36 (143) ◽

pp. 177-183

Author(s):

Naomi Klein

Keyword(s):

Natural Disaster ◽

Bush Administration ◽

The Us ◽

Us Government ◽

Fitting to its doctrine of preventiv war, the Bush Administration founded a bureau of reconstruction, designing reconstruction plans for countries which are still not destroyed. Reconstruction after war or after a “natural disaster” developed to a profitable branch of capitalist investment. Also the possibilities to change basic political and economic structures are high and they are widely used by the US-government and institutions like the International Monetary Fund.

IMPACT OF GOVERNMENT DEBT ON FINANCIAL SECURITY OF UKRAINE

International scientific journal Internauka Series Economical Sciences ◽

10.25313/2520-2294-2020-11-6560 ◽

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.