FINANCIAL SAFETY OF UKRAINE: SOME ASPECTS OF ASSESSMENT OF DEBT SYSTEM OF THE STATE
Journal Title: Науковий погляд: економіка та управління - Year 2018, Vol 1, Issue 59
Abstract
System crises in government demand the careful analysis of a condition of economic system and development of a qualitative leverage over a condition of financial safety. Development of economic capacity of the state and state in general depends on her condition. The analysis of approaches to definition of financial safety of the state has shown its complexity and diversity in an economic context. It is necessary to emphasize relevance in a modern political context because the necessary level of safety is result of practical actions from the legislative and executive authorities of the state in the sphere of finance. At last it is defined by concrete indicators of functioning of economic system of the state for a certain period. The role of debt safety is that she promotes stability to globalization threats and provides the sufficient volume of financial resources to the state, increases efficiency of functioning of national economy. Financial and economic crisis has expanded scopes of the state securities as a part of anti-recessionary programs of the Government of Ukraine. Owing to growth of activity of the state in the market of state securities, her credit risks and pressure upon national monetary unit have considerably increased. Also essential transformations in structure of owners of a public debt have taken place: domination of the NBU and banks among owners of the DGB creates a dangerous situation for economy. High level of debt obligations, low level of gross domestic product and the international official reserves and also growth of a ratio state and, in particular, the public external debt to macroeconomic indicators are considerable threat of financial safety that points out insufficient efficiency of use of the attracted financial resources which volume constantly increases. State policy in the sphere of financial safety of Ukraine has to include the only balanced package of measures, aimed at providing stability of a financial system, prevention of outflow of the capitals, rational use of financial resources. For effective management of the debt of the state it is necessary to carry out monthly monitoring of key indicators of debt safety, to develop policy of debt management of the country, to refuse increasing external loans, to provide attractive investment climate for attraction of investments by the international investors, to develop the market of the DGB for the purpose of inflow of means.
Authors and Affiliations
O. O. Melnyk
Keywords
Related Articles
- EP ID EP449964
- DOI 10.32836/2521-666X/2018-1-59-25
- Views 154
- Downloads 0
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