Conclusions to chapter 6
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Date
2023
Authors
Lukianenko, Iryna
Journal Title
Journal ISSN
Volume Title
Publisher
Kyiv-Mohyla Academy Publishing House
Abstract
Effective usage of borrowed resources can become a factor in economic
growth, while unwarranted increases in debt levels may have a destabilizing effect on the economy and create risks to a country's economic security. In the absence of a comprehensive system for regulating the formation, repayment, and servicing of public debt at the legislative level, and without clearly defined directions of debt policy, recent years in Ukraine have seen a rapid increase in the volumes of gross public debt. Consequently, this situation poses a threat to the economic and financial security of our country. The volumes of public borrowings, their dynamics, and structure directly or indirectly influence all spheres of the state's financial and economic activities, which is why statistical analysis of the structure and volumes of the country's debt burden acquires special importance in the process of managing
financial security. One of the main summarizing indicators of the state of
indebtedness is the ratio of the total volume of public debt to Gross Domestic Product (GDP). This ratio enables an assessment of the level of debt burden on the state's economy and also reflects its ability to settle with creditors based on its economic potential.
Description
Keywords
borrowed resources, public debt, public borrowings, government indebtedness, сonclusions to chapter
Citation
Lukianenko I. G. Conclusions to chapter 6 / [Lukianenko Iryna] // Financial Policy of Ukraine for the Maintenance of Macroeconomic Stability : the collective monograph / [Lukianenko I., Galytska E., Primierova O. et al. ; general editor Lukianenko I.] ; National University of Kyiv-Mohyla Academy. - Kyiv : Kyiv-Mohyla Academy Publishing House, 2023. - P. 278-282.