Criteria of the State External Debt Load: Methodological Aspect.

  • Lyudmila Fedosenko Educational Institution «Gomel State University of F.Skorina»
  • Tatyana Ivanova Educational Institution «Gomel State University of F.Skorina»
Keywords: gross external debt, debt load, debt assessment criteria, methodological tools, loan market, lender, borrower, debt management.

Abstract

The article analyzes loan capitals international markets, the level and dynamics of the external debt burden of different countries. It also considers the necessity and expediency of national economies external borrowings. The current methodology for assessing external debt level has been reviewed.

The necessity of debt burden constant monitoring both by the creditor and the borrower has been substantiated. The system of external debt private indices for the debtor, that gives objective assessment of the country’s debt burden, perspectives for external borrowings and debt obligations fulfillment have been elaborated.

The article gives an additional list of private indices for the country’s external debt assessment, they are: the ratio of the surplus product to the required; external borrowings share for the economy real sector; the amount of aggregate and external debt per employee.

References

Na Mankhэttene snyaly schetchyk hosdolha SShA [In Manhattan, the US state debt counter was taken off] / URL: http://www.moyby.com/news/281817/ – Data dostupa: 23.11.2017. [in Russian].

Top stran myra, u kotorыkh dolh za 300% k VVP. [Top countries in the world, which have debt for 300% of GDP.] URL: http://www.pravda.ru/news/world/03-03-2015/1250921- vvp-0/ – Data dostupa: 2.11.2017 [in Russian].

Vneshnyy dolh stran myra na 2017 hod: tablytsa [External debt of the countries of the world for 2017: table] URL: http://finbazis.ru/vneshnij-dolg-stran-mira-na-2016-god-tablica/ – Data dostupa: 1.12.2017 [in Russian].

Spysok stran po vneshnemu dolhu. /[ List of countries for external debt.] URL: https://ru.wikipedia. org/wiki/Spysok_stran_po_vneshnemu_dolhu#cite_note-nbrb-9/ – Data dostupa: 30.11.2017 [in Russian].

Hosdolh SShA vpervыe v ystoryy prevыsyl otmetku 20 trln dollarov. [The US national debt for the first time in history exceeded the $ 20 trillion mark] URL: http://www.ntv.ru/novosti/1927162/ – Data dostupa: 25.11.2017 [in Russian].

Pochemu u malen'koho Lyuksemburha takoy ohromnыy vneshnyy dolh ~2 trln $, y pochemu nykto ne cheshet·sya po эtomu povodu? [Why does the small Luxembourg have such a huge external debt of ~ 2 trillion $, and why does no one scratch about it?] URL: https://otvet.mail.ru/question/66431646 / – Data dostupa: 23.11.2017 [in Russian].

Valovoy vneshnyy dolh Respublyky Belarus' v razreze sektorov эkonomyky y fynansovыkh ynstrumentov v sootvet·stvyy s metodycheskymy rekomendatsyyamy MVF, soderzhashchymysya v Rukovodstve po statystyke vneshneho dolha: rukovodstve dlya sostavyteley y pol'zovateley (MVF, 2013 h.) za 2017 hod [Gross external debt of the Republic of Belarus in terms of economic sectors and financial instruments in accordance with the IMF guidelines contained in the Manual on External Debt Statistics: a guidebook for compilers and users (2013, IMF) for 2017] URL: https://www.nbrb.by/statistics/ExternalDebt/Quarterly Dynamics. – Data dostupa: 20.11.2017 [in Russian].

Chyslennost' zanyatoho naselenyya po vydam эkonomycheskoy deyatel'nosty 2010-2016 hh. [The number of employed people by types of economic activity 2010-2016] URL: http://www.belstat.gov.by/ ofitsialnaya-statistika/solialnaya-sfera/trud/godovye-dannye/chislennost-zanyatogo-naseleniya-po-vidam-ekonomicheskoy-deyatelnosti-2010-2016-gg/ – Data dostupa: 23.11.2017. [in Russian].

Nomynal'naya nachyslennaya srednyaya zarabotnaya plata rabotnykov Respublyky Belarus' s 1991 po 2017hh. [Nominal accrued average wages of workers of the Republic of Belarus from 1991 to 2017gg.] URL: http://www.belstat.gov.by/ofitsialnaya-statistika/solialnaya-sfera/trud/operativnaya-informatsiya_8/zarabotnaya- plata/ – Data dostupa: 23.11.2017 [in Russian].

Peresmotrennыe Rukovodyashchye pryntsypы upravlenyya hosudarstvennыm dolhom/ [Revised Guidelines on Public Debt Management] URL: http://treasury.worldbank.org/documents/Revised Guidelines for Public Debt Management_2014_Russian.pdf/ – Data dostupa: 19.11.2017 [in Russian].

Shymanovych, H. Y. (2012) Vlyyanye vneshneho dolha na эkonomycheskoe razvytye Belarusy [Influence of external debt on the economic development of Belarus] Belorusskyy эkonomycheskyy zhurnal. - 2012. - # 2. - S. 96-106 [in Russian].

Vneshnyy dolh v Belarusy [External debt in Belarus] URL:https://myfin.by/wiki/term/vneshnij-dolg-v-belarusi]. – Data dostupa: 23.11.2017 [in Russian].

Fedosenko L. V. (2017) Obespechenye vneshney lykvydnosty stranы v kontekste zolotovalyutnoy pozytsyy. [Providing external liquidity of the country in the context of the gold and currency position] Intehratsiya Ukrayiny v yevropeys'kyy i svitovyy finansovyy prostir: zbirnyk tez KhII Mizhnarodnoyi naukovo-praktychnoyi konferentsiyi, 25–26 travnya 2017 roku / L'vivs'kyy navchal'no-naukovyy instytut DVNZ «Universytet bankivs'koyi spravy». – L'viv, 2017. – 238 s.(C 175). [in Russian].
Published
2018-04-02