Statistical Analysis of the Public Debt Sustainability of Georgia
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Переглянути архів Інформація| Поле | Співвідношення | |
| Title |
Statistical Analysis of the Public Debt Sustainability of Georgia
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| Creator |
Muchiashvili, Marina
Shonia, Zamira |
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| Subject |
Public finance
Public debt sustainability Fiscal sustainability |
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| Description |
Debt sustainability is an important factor of economic growth of the country. The decrease of economic growth rates in Georgia and increased fiscal deficit and public debt (both, foreign and internal) since 2012 year, have made it actual to assess the debt sustainability of the country both, in medium term and long term perspectives. The analysis evidenced that by the 2018 marginal indicators of debt sustainability (Public debt/GDP, Public debt/budget revenue, Public debt/export), are below the thresholds (50%, 300%, 200%). Nevertheless, a shock tests indicate that debt sustainability is vulnerable to permanent long term and to sharp short term shocks. In order to maintain low risk for debt sustainability, The GDP growth rate should be at least 7% in the medium term and the budget deficit should be below 3% of GDP for the same time period.
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| Publisher |
ДВНЗ «Київський національний економічний університет імені Вадима Гетьмана»
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| Date |
2018-04-17T06:58:56Z
2018-04-17T06:58:56Z 2018-04 |
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| Type |
Article
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| Identifier |
Muchiashvili M. Statistical Analysis of the Public Debt Sustainability of Georgia / Marina Muchiashvili, Zamira Shonia // Стратегічні імперативи сучасного менеджменту : зб. матеріалів ІV Міжнар. наук.-практ. конф. (19–20 квіт. 2018 р.) / М-во освіти і науки України, ДВНЗ «Київ. нац. екон. ун-т ім. Вадима Гетьмана» ; редкол.: С. М. Соболь (відп. за вип.) [та ін.]. – Київ : КНЕУ, 2018. – С. 438–444.
978-966-926-228-8 http://ir.kneu.edu.ua/handle/2010/24243 |
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| Language |
en
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