External public debt of Ukraine: tendencies and intercommunication with economic development

Keywords: gross domestic product, public debt, external public debt, correlation and regressive analysis, risks of increase of external debt.

Abstract

In the article the problems of providing of redemption of external obligations are considered public to the sector. The basic factors of influence are certain on an external public debt and him on the economy of country. The dynamics and structure of public debt of Ukraine are analysed. The intercommunication of dynamics of external public debt and GDP is investigational. The risks of increase of level of external public debt are certain.

The purpose of the article is consideration of tendencies in relation to forming of external promissory accumulations state to the sector of economy of Ukraine and study of intercommunication of influence of size of external public debt and GDP.

Scientific novelty. The dependence of dynamics of external public debt and GDP is reasonable, that gave an opportunity to find out force of influence and orientation of intercommunication between analysable indexes, and also tendencies of their dynamics, that will allow to develop the vectors of foreign promissory policy taking into account economic development of the state.

Conclusions. For monitoring, analysis and control of the state of external debt, minimization of the risks related to him, it is expedient to work out the corresponding system of indexes and them maximum values, that would in good time signal about growth of the crisis phenomena in the indicated sphere and necessity of acceptance of corresponding measures, negative tendencies sent to the removal.

Without regard to the marked negatives, a public debt is the basic source of coverage of fiscal deficit of practically entire countries. Only warning in this case are the reasonable lines of both deficit of budget and borrowing, as an overindebtedness means that the debt of country exceeds the expected possibilities of his redemption, and the expected payments from maintenance of debt can in a greater degree depend on a production volume.

References

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Casares, E. R. (2015). A relationship between external public debt and economic growth. Estudios Económicos (México, D.F.), 30 (№ 2). URL: http://www.scielo.org.mx/scielo.php?script=sci_arttext&pid=S0186-72022015000200219. (Last accessed: 18.11.2019).

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Published
2020-02-14
How to Cite
BrazhnуkL. V. (2020). External public debt of Ukraine: tendencies and intercommunication with economic development. Scientific Papers of the Legislation Institute of the Verkhovna Rada of Ukraine, (1), 99-105. https://doi.org/10.32886/instzak.2020.01.10