Archive 2006

• 03.10.2006

  Public Sector Debt Regulation in Ukraine: Immediate Problems and Their Solutions

  (Code:V14)

  Traditionally Ukrainian policy-makers and experts have paid attention predominantly to the Government direct external debt. And today this debt has been kept within acceptable limits and does not pose any danger. But at the present moment Ukraine faces two completely new phenomena – rapid growth of municipal debts and increasing external borrowings of state-owned enterprises. In practical terms it means that the Government should deal with three types of risks to financial stability associated with debt. We argue that under these circumstances the Government has to elaborate adequate comprehensive approach towards public sector debt regulation.

  Attached file  (178.1 kb)
  Authors:  Vakhnenko Tetyana, Burakovsky Igor
  Tags:  Center of economic research, German advisory group