Current debt policy and human development in Ukraine
Journal Title: Формування ринкових відносин в Україні. Збірник наукових праць - Year 2016, Vol 4, Issue 4
Abstract
The paper studied the relationship of expenditure on research in the field of human development and servicing of public debt. It is proved that the decrease in the share of debt service costs affect the growth rate of economic growth and increase state budget revenues. This is manifested in the fact that if at the level of about 10% in 2015 with the fall of the economy, the volume of total expenditure on research in the field of human development was 1.95 billion UAH., Then in 2016 with the growth of the economy at the level of 2– 3% increase in general fund of the state budget revenues, spending on research, calculated using regression equations may be about 3.4 billion. or more by 74.3% than the previous year. Evaluation of debt transactions in the areas that impact on human development, indicates the presence of problematic issues specific to public debt policy in general terms. It requires a legislative solution to the question of bringing as Chief Executive of newly created enterprises. It requires the regulatory decision question of the organization of monitoring the implementation of agreements on loans, as established violations of the legislation on the use of borrowed funds. It is necessary to improve the procedures for project preparation of documents for obtaining international loans for the entry into force and, above all, on the harmonization at the level of central bodies of executive power.
Authors and Affiliations
L. V. KOZAREZENKO
Keywords
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