Keyword: «public debt»

The paper describes the situation with the public debt of Belarus on the background of recession of Belarusian economy. It reflects changes in the financial situation of Belarusian economy. The decrease in bank interest rates and inflation, stabilization of the exchange rate of Belarusian ruble are analysed. It is shown that the decline in bank interest rates is achieved by the National Bank of the country by administrative means; the stability of the Belarusian ruble is achieved due to the receipt of currency on the market from the population, who try to maintain their accustomed standard of living despite the fall of their income. The necessity of structural reforms of Belarusian economy is considered.

The paper deals with the structure of public finances of federal states (the Russian Federation and the United States) under sanctions. The author analyze the revenue and expenditure of the budget, the public debt of these countries, the largest holder of US government debt bonds. The components of the Russian Federation budget revenues: tax and non-tax revenues, non-reciprocal transfers, as well as the operating and capital budget expenditures are studied. The role of local budgets for the development of Russian economy is considered. The authors show differences and similarities in state and budgetary systems of America and Russia, their budgetary processes, income, expenses, pensions, domestic and external debts, debt-forms, schemes of credit operations.

The article presents an assessment of structure and dynamics of the public debt of Republic of Karelia for the period of 2007-2017. The correlation and regression analysis of interrelations of indicators of a public debt of the Republic of Karelia with growth rates of VRP per capita, is carried out by tax and non-tax income, budget expenses including social costs. The analysis of coefficients of correlation between separate parameters and indicators of structure of a public debt of the Republic of Karelia is presented in article. As a result of the conducted research authors conclude that, firstly, the public debt during the researched period did not exert considerable impact on VRP of Karelia. Secondly, the analysis of interrelation of a public debt, income and expenses of the consolidated budget of the republic showed that growth of tax and non-tax income exerts smaller impact on decrease in a public debt, and growth of expenses, including social costs most likely leads to growth of debt of the territorial subject of the Russian Federation.

The article presents an analysis of the state debt of the Republic of Karelia. The structure and dynamics of the state debt of the Republic of Karelia is assessed. In the course of the study, problems of significant size and ineffective structure of the state debt of the Republic of Karelia were identified.