Financial debt obligations: methodology and applied restructuring options
Keywords:
financial commitments, financial debt, restructuring, State debt, warranty, budgetary commitmentsAbstract
Introduction. The ability of the state to serve its own financial debts is one of the key factors of macroeconomic stability in the country. Their effective use can be a powerful factor of economic growth. It can ensure a strong position in the international capital markets and provide additional inflow of investments on favorable terms.
Goal. The purpose of the study is scientific and theoretical substantiation of essence of financial liabilities as a component of public debt and its impact on the economy.
The method (methodology). We have used the system and structural analysis to study the nature of financial liabilities, including a systematic approach to identify the causes of the public finance debt.
Results. The research has allowed the expansion of methodological approaches to the study of financial debt. It should be considered as a special kind of financial relationship between the state and local community through their authorized bodies, and legal entities and individuals. These relationships arise, modify and cease in the process of placement of government debt securities (both domestic and foreign loans) and attraction of credits by state authorities bodies. Applied advantage of the proposed area of research is that it enables the possibility to prove the feasibility and direction of formation of financial debt from the scientific point of view to ensure economic stability.
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