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STATE DEBT RESTRUCTURING AS AN INSTRUMENT OF INCREASING THE LEVEL OF UKRAINE’S DEBT SECURITY

Journal: University Economic Bulletin. Collection of scientific articles of scientists and post-graduate students (Vol.1, No. 27)

Publication Date:

Authors : ;

Page : 195-202

Keywords : The national debt; income of the State budget; restructuring debt; debt management; budget deficits; the debt burden;

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Abstract

Analysis of the status of the public debt and the factors that influenced its dynamics. It is shown that the main factors that led to the rapid growth of the volume of debt in 2014 was the need for funding for defence needs, as well as further budget support of State enterprises and banks by increasing their statutory capital. The amount of public debt by the end of 2014 reached 947,0 billion. USD. (60,8% of GDP), its maintenance spent 48 billion. UAH., representing 13.4% of revenues of the State budget of Ukraine. A trend that has been established, slightly change and in 2015. In such circumstances, to increase the level of security you should consider the possibility of restructuring of sovereign debt, the owners of which are private lenders. Analyzes the experience of successful debt restructuring completed in 2012 the Government of Greece. Taking into account this experience suggested a number of measures which could contribute to the successful restructuring of State more.

Last modified: 2016-07-21 22:32:51