GOVERNMENT SECURITIES MARKET OF UKRAINE: STATE AND DEVELOPMENT PROSPECTS

The article deals with topical issues of the development of the government securities market as a tool for financing the budget deficit and managing the public debt. Theoretical provisions on the current role of the government securities market are considered and the structure and dynamics of the volume of domestic government bonds issued in the context of government debt are analyzed. Information on the placement of government debt securities over the past five years is provided. The analysis of the weighted average yield on government bonds, terms of borrowings, in particular, excess of the volume of placement of government bonds over their repayment amounts, which in turn characterizes the effectiveness of the government's debt policy in the sphere of functioning of the government securities market.