FACTORS OF GROWTH OF THE EFFICIENCY OF PUBLIC DEBT MANAGEMENT

Public debt is an integral part of public finances of various countries, the process of its management, including formation, maintenance and repayment has a powerful impact on the macroeconomic system of the state. The subject of the study is the public debt of the Russian Federation. The article pe...

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Autor principal: M. E. Kosov
Formato: article
Lenguaje:RU
Publicado: Publishing House of the State University of Management 2021
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Acceso en línea:https://doaj.org/article/cfe6ecec89bc4795b1643e8a8c0c0cc8
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spelling oai:doaj.org-article:cfe6ecec89bc4795b1643e8a8c0c0cc82021-12-03T07:43:34ZFACTORS OF GROWTH OF THE EFFICIENCY OF PUBLIC DEBT MANAGEMENT1816-42772686-841510.26425/1816-4277-2020-12-5-11https://doaj.org/article/cfe6ecec89bc4795b1643e8a8c0c0cc82021-02-01T00:00:00Zhttps://vestnik.guu.ru/jour/article/view/2565https://doaj.org/toc/1816-4277https://doaj.org/toc/2686-8415Public debt is an integral part of public finances of various countries, the process of its management, including formation, maintenance and repayment has a powerful impact on the macroeconomic system of the state. The subject of the study is the public debt of the Russian Federation. The article performs a correlation and regression analysis of factors that have a direct impact on the state of the Russia’s public debt under the conditions of the restrictions caused by the Covid-19 coronavirus infection, as well as the consequences of these restrictions. The paper proposes an econometric model that describes a system of indirect macroeconomic factors that are not directly related to the state’s debt policy, but show the strongest influence on the formation of public debt in modern realities and increase the efficiency of its management, as well as reflect the quality of public financial management in general. The author concludes that the demographic burden and the indicator reflecting the ratio of the budget deficit to the total budget revenue have the greatest impact on the effectiveness of public debt management.M. E. KosovPublishing House of the State University of Managementarticlebudgetbudget balancebudget deficitbudget policydebt policydemographic burdenpublic debtpublic financeSociology (General)HM401-1281Economics as a scienceHB71-74RUВестник университета, Vol 0, Iss 12, Pp 5-11 (2021)
institution DOAJ
collection DOAJ
language RU
topic budget
budget balance
budget deficit
budget policy
debt policy
demographic burden
public debt
public finance
Sociology (General)
HM401-1281
Economics as a science
HB71-74
spellingShingle budget
budget balance
budget deficit
budget policy
debt policy
demographic burden
public debt
public finance
Sociology (General)
HM401-1281
Economics as a science
HB71-74
M. E. Kosov
FACTORS OF GROWTH OF THE EFFICIENCY OF PUBLIC DEBT MANAGEMENT
description Public debt is an integral part of public finances of various countries, the process of its management, including formation, maintenance and repayment has a powerful impact on the macroeconomic system of the state. The subject of the study is the public debt of the Russian Federation. The article performs a correlation and regression analysis of factors that have a direct impact on the state of the Russia’s public debt under the conditions of the restrictions caused by the Covid-19 coronavirus infection, as well as the consequences of these restrictions. The paper proposes an econometric model that describes a system of indirect macroeconomic factors that are not directly related to the state’s debt policy, but show the strongest influence on the formation of public debt in modern realities and increase the efficiency of its management, as well as reflect the quality of public financial management in general. The author concludes that the demographic burden and the indicator reflecting the ratio of the budget deficit to the total budget revenue have the greatest impact on the effectiveness of public debt management.
format article
author M. E. Kosov
author_facet M. E. Kosov
author_sort M. E. Kosov
title FACTORS OF GROWTH OF THE EFFICIENCY OF PUBLIC DEBT MANAGEMENT
title_short FACTORS OF GROWTH OF THE EFFICIENCY OF PUBLIC DEBT MANAGEMENT
title_full FACTORS OF GROWTH OF THE EFFICIENCY OF PUBLIC DEBT MANAGEMENT
title_fullStr FACTORS OF GROWTH OF THE EFFICIENCY OF PUBLIC DEBT MANAGEMENT
title_full_unstemmed FACTORS OF GROWTH OF THE EFFICIENCY OF PUBLIC DEBT MANAGEMENT
title_sort factors of growth of the efficiency of public debt management
publisher Publishing House of the State University of Management
publishDate 2021
url https://doaj.org/article/cfe6ecec89bc4795b1643e8a8c0c0cc8
work_keys_str_mv AT mekosov factorsofgrowthoftheefficiencyofpublicdebtmanagement
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