PUBLIC FINANCE MANAGEMENT

BOHDAN Tetiana ¹

¹NGO “Growford Institute”
OrcID ID : https://orcid.org/0000-0002-6133-5336

Public debt of Ukraine: features of modern formation and management

Critical values of public debt burden indicators as a component of debt sustainability analysis are discussed. Urgency of public debt problems for Ukraine is substantiated and the fact that public debt limit for emerging countries should not exceed 40 % of GDP is proved. Risks of the Ukrainian debt position are evaluated and most risky contingent liabilities are identified. On the basis of econometric modeling, relationship between public debt volume in Ukraine and interest rates on government borrowings are proved. Main directions of debt policy and macro- financial policy for Ukraine are proposed.

Keywords:public debt, contingent liabilities of the state, limit of debt, debt sustainability analysis, spread of the sovereign bonds, debt service

JEL: F34, H63, H68.

BOHDAN T. . Public debt of Ukraine: features of modern formation and management / T. . BOHDAN // Фінанси України. - 2013. - № 1. - C. 32-46.