Debt policy of Ukraine under the reform of public finance system Cover Image

Політика України в умовах реформування системи публічних фінансів
Debt policy of Ukraine under the reform of public finance system

Author(s): Liubov Lysiak
Subject(s): National Economy, Public Administration, Financial Markets, Public Finances, Fiscal Politics / Budgeting
Published by: Переяслав-Хмельницький державний педагогічний університет імені Григорія Сковороди
Keywords: national debt; budgetary policy; national debt management; public finance; fiscal consolidation; reforms

Summary/Abstract: The scope of research is a set of theoretical and practical issues of the state debt policy in terms of reformation. Theresearch objective is to determine the ways of improving the national debt management in Ukraine and the debt policyimplementation in Ukraine under the reform of public finance system. The research methodologies and methods are generalscientific and special methods: analysis, comparison, scientific abstraction, etc.The research results. The analysis of public debt as a result of a specific type of budgetary policy and a potential tool forinnovation and investment development of the country is carried out. The necessity of effective national debt management with theuse of methods is proved. The main directions of the debt policy in Ukraine aimed at reducing its indebtedness are outlined.Conclusions. State debt policy is an integral part of budgetary policy. Therefore, in line with today's economic reforms(decentralization of budgetary relations, expansion of the budgetary rights of local authorities and providing of selfsufficiencyof budgetary powers to the regions and self-government bodies) effective debt policy should function inaccordance with the strategic and tactical directions of budgetary policy aimed at increasing the efficiency of publicexpenditure; improving the mechanism of medium-term budget forecast; continuation of optimization the number of budgetprograms and the amount of the key spending units of budget funds; improvement of program-target method of budgeting;ensuring transparency and openness of the budget process; improving the efficiency of public investment; reduction of thebudget deficit; improving the efficiency of debt policy; maintaining a high level of investment expenditures of the consolidatedbudget; increase of social standards and optimization of social projects expenditures.

  • Issue Year: 1/2015
  • Issue No: 27
  • Page Range: 189-195
  • Page Count: 7
  • Language: Ukrainian