MODERN STATE AND WAYS OF IMPROVING DEBT SAFETY OF UKRAINE

Abstract

The article examines the debt safety as a priority trend to ensure financial safety of Ukraine and its main component. It considers modern scientific views of defining the nature of the debt safety and effects of the debt burden on the economy of Ukraine. In order to reveal the factors that affect the assessment of the debt safety of Ukraine, we have analyzed the dynamics of the state safety debt by means of a system of indicators. It researches on the main indicators of debt safety state reflecting the content and effectiveness of public debt management through taking into account some boundary values which allowed us to specify the main factors that caused some negative tendencies in the calculated indicators. The study has identified the most dangerous values of the indicators directly affecting the state of the debt safety in Ukraine. In particular, this is a ratio of the total public debt to GDP and the external debt per person in the US dollars. This study also conducted a detailed economic assessment of the state of the debt safety in Ukraine during 2013–2016. It provides some estimates of the public debt, internal and external public debt which is based on the cost of its maintenance, the ratio of total public and publicly guaranteed debt to GDP. We suggest some ways of increasing the debt safety of Ukraine, taking in account political instability and military conflict in the East of the country.

Keywords

• debt safety
• public debt
• debt burden
• debt safety indicators
• state budget
• financial safety.