Abstract:
The article examines the current tendencies of the government indebtedness in the
world. It proves the rapid growth of the government debt in the different countries
around the world after the 2008–2009 financial crisis and analyzes the reasons for
government debt increase in particular countries and its consequences. The study is
devoted to the research of the government debt in developed and developing countries.
Particular attention is paid to the government debt of Japan, the USA, the European
Union countries. In the article, the government debt of Ukraine, its tendencies, and
consequences for the economy are analyzed. The state borrowings in Ukraine are often
used for financing the servicing and payment of the existing debt. Government debt
can be an important investment source and used for the development of the economies.
But in the conditions of its rapid and unlimited growth, government indebtedness can
be a burden for the economy.
