State debt restructuring as an instrument of increasing the level of Ukraine’s debt security Cover Image

Реструктуризація державного боргу як інструмент підвищення рівня боргової безпеки України
State debt restructuring as an instrument of increasing the level of Ukraine’s debt security

Author(s): L.P Londar
Subject(s): National Economy, Public Administration, Public Finances, Fiscal Politics / Budgeting, Socio-Economic Research
Published by: Університет Григорія Сковороди в Переяславі
Keywords: national debt; income of the State budget; restructuring debt; debt management; budget deficits; the debt burden

Summary/Abstract: Analysis of the status of the public debt and the factors that influenced its dynamics. It is shown that the main factors that ledto the rapid growth of the volume of debt in 2014 was the need for funding for defence needs, as well as further budget supportof State enterprises and banks by increasing their statutory capital. The amount of public debt by the end of 2014 reached947,0 billion. USD. (60,8% of GDP), its maintenance spent 48 billion. UAH., representing 13.4% of revenues of the Statebudget of Ukraine. A trend that has been established, slightly change and in 2015. In such circumstances, to increase the levelof 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 accountthis experience suggested a number of measures which could contribute to the successful restructuring of State more.

  • Issue Year: 1/2015
  • Issue No: 27
  • Page Range: 195-202
  • Page Count: 8
  • Language: Ukrainian