по
Journal Menu
> Issues > Rubrics > About journal > Authors > About the Journal > Requirements for publication > Editorial collegium > Editorial board > Peer-review process > Policy of publication. Aims & Scope. > Article retraction > Ethics > Copyright & Licensing Policy > Digital archiving policy > Open Access Policy > Open access publishing costs > Article Identification Policy > Plagiarism check policy
Journals in science databases
About the Journal

В погоне за двумя зайцами поймай обоих сразу!
34 журнала издательства NOTA BENE входят одновременно и в ERIH PLUS, и в перечень изданий ВАК
При необходимости автору может быть предоставлена услуга срочной или сверхсрочной публикации!
MAIN PAGE > Back to contents
State debt management: the focus on efficiency
Belozerov Igor' Petrovich

PhD in Economics

Head of the Department, Omsk Academy of Ministry of Internal Affairs of Russia

644092, Russia, Omskaya oblast', g. Omsk, ul. Komarova, 7, of. 403

belozerov55@mail.ru

Abstract.

The subject of this article is the financial economic relations in the sphere of state debt. The traditional use of funds borrowed by the government is geared towards covering the current demands in financial resources, for example, the federal budget deficit. Such circumstance does not allow ensuring strategic approach to state debt management. The fundamental issue of limiting the economic growth in Russia is the insufficient infrastructure development. In light of this, the government is capable of quickly finding the necessary “longer-term money” for the investments to infrastructure. The author suggests maximizing efficiency of the use of obtained funds by the state by means of targeted state borrowing. The scientific novelty of this research consists in the proposal of mechanism of investment use of a portion of state debt. The analysis of global experience supports successful application of targeted bonds as a mechanism of attracting additional investment resources. On the example of the transportation sphere, the article substantiates the need and possibility of issuing state bonds to finance specific objects of infrastructure.

Keywords: transport, infrastructure, bonds, issue, securities, budget, state borrowings, state debt, investments, efficiency

DOI:

10.25136/2409-7802.2018.4.25769

Article was received:

27-03-2018


Review date:

20-03-2018


Publish date:

12-01-2019


This article written in Russian. You can find full text of article in Russian here .

References
1.
This Graphic Unveils the Truth Behind America’s Record-Breaking Debt of $20 Trillion [Elektronnyi resurs] URL: https://howmuch.net/articles/worlds-debt-2017 (data obrashcheniya 11.03.2018)¬¬
2.
Zaklyuchenie Schetnoi palaty Rossiiskoi Federatsii na proekt federal'nogo zakona «O federal'nom byudzhete na 2018 god i na planovyi period 2019 i 2020 godov» / [Elektronnyi resurs] URL: http://.ach.gov.ru/activities/audit-of-the-federal-budget/31662/ (data obrashcheniya 10.03.2018)¬¬
3.
Structure of government debt [Elektronnyi resurs] URL: http://ec.europa.eu/eurostat/statistics-explained/index.php/ Structure_of_government_debt (data obrashcheniya 21.03.2018)¬¬
4.
Kheifets B. A. Global'nyi dolgovoi krizis i riski dolgovoi politiki Rossii. – M., Institut ekonomiki RAN, 2012.
5.
Gosdolg stran mira 2017[Elektronnyi resurs] URL: http://investorschool.ru/gosdolg-stran-mira-2017 (data obrashcheniya 11.03.2018)¬¬
6.
Programma gosudarstvennykh vnutrennikh zaimstvovanii Rossiiskoi Federatsii na 2018 god i na planovyi period 2019 i 2020 godov // SPS «Konsul'tantPlyus».
7.
Federal'nyi zakon ot 05.12.2017 № 362-FZ «O federal'nom byudzhete na 2018 god i na planovyi period 2019 i 2020 godov» // SPS «Konsul'tantPlyus».
8.
Byudzhetnyi kodeks Rossiiskoi Federatsii ot 31.07.199 g. № 145-FZ // SPS «Konsul'tantPlyus».
9.
Osnovnye napravleniya gosudarstvennoi dolgovoi politiki Rossiiskoi Federatsii na 2017-2019 gg. [Elektronnyi resurs] URL: http://www.minfin.ru/ru/perfomance/ public_debt/policy/ (data obrashcheniya 12.03.2018)
10.
Gosudarstvennyi vnutrennii dolg Rossiiskoi Federatsii [Elektronnyi resurs] URL: https://www.minfin.ru/ru/perfomance/public_debt/internal/ (data obrashcheniya 20.02.2018)
11.
Otchet Schetnoi palaty o rezul'tatakh ekspertno-analiticheskogo meropriyatiya «Analiz vozmozhnosti ispol'zovaniya sredstv Rezervnogo fonda i Fonda natsional'nogo blagosostoyaniya v kachestve istochnika finansirovaniya defitsita federal'nogo byudzheta kak al'ternativnogo mekhanizma zameshcheniya dolgovykh obyazatel'stv // Byulleten' Schetnoi palaty Rossiiskoi Federatsii. 2013. № 10.
12.
Tsaregradskaya Yu. K. Organizatsionnye modeli upravleniya gosudarstvennym dolgom: problemy pravovogo regulirovaniya // Sibirskii yuridicheskii vestnik. 2016. № 1.
13.
Popkova A. Upravlenie gosudarstvennym dolgom v raznykh stranakh // Bankaўski vesnik. 2010. Zhniven'.
14.
Pogodaeva T. V. Perspektivy ekonomicheskogo rosta razvitykh stran v kontekste problemy gosudarstvennogo dolga // Finansy i kredit. 2003. № 11.
15.
Dolgovaya problema kak fenomen KhKhI veka: monografiya. – M., Prospekt, 2016.
16.
Khmel'nitskii M. M. K voprosu o razrabotke sistemy kriteriev otsenki kachestva upravleniya gosudarstvennym dolgom // Teoreticheskaya i prikladnaya ekonomika. 2016. № 3. [Elektronnyi resurs] URL: http://e-notabene.ru/etc/article_20327.html (data obrashcheniya 1.02.2018)¬¬
17.
Rossiiskii fond pryamykh investitsii [Elektronnyi resurs] URL: https://rdif.ru/About/ (data obrashcheniya 1.03.2018)
18.
Alekhin B. I. Gosudarstvennyi dolg. – M., 2007 [Elektronnyi resurs] URL: http://institutiones.com/download/books/1535-gosudarstvennyj-dolg-alexin.html (data obrashcheniya 3.03.2018)¬¬
19.
Gosudarstvennyi dolg [Elektronnyi resurs] URL: http://www.ereport.ru/articles/ mirecon/debt.htm (data obrashcheniya 21.03.2018)¬¬
20.
Ul'yanetskii M. M. Analiz i klassifikatsiya gosudarstvennykh obligatsii vnutrennego dolga Yaponii // Finansy i kredit. 2008. № 29.
21.
Enrico D'Ambrogio, Matthew Parry. Japan's national budget. Procedure and the public debt burden. 2016. [Elektronnyi resurs] URL: http://www.europarl.europa.eu/ RegData/etudes/BRIE/2016/577985/EPRS_BRI(2016)577985_EN.pdf (data obrashcheniya 21.03.2018)¬¬
22.
Bazhanov P. Novye pravila vypuska obligatsii mestnykh pravitel'stv [Elektronnyi resurs] URL:https://cnlegal.ru/uncategorized/china_ local_government_bonds_issue/ (data obrashcheniya 1.03.2018)¬¬
23.
Chen Jia. China to be top issuer of local govt bonds [Elektronnyi resurs] URL: http://usa.chinadaily.com.cn/a/201801/25/WS5a690c75a3106e7dcc1365f9.html;
24.
Frank Tan. China creates special bond to support local government projects amid debt woes [Elektronnyi resurs] URL: http://www.scmp.com/news/china/economy/article/ 2105196/china-creates-special-bond-support-local-government-projects-amid (data obrashcheniya 21.03.2018)¬¬
25.
Sarah Kline. A Guide to Infrastructure Bonds [Elektronnyi resurs] URL: https://bipartisanpolicy.org/blog/a-guide-to-infrastructure-bonds/; Debt management and bonds http://www.vermonttreasurer.gov/content/debt (data obrashcheniya 22.03.2018)¬¬
26.
Infrastrukturnye obligatsii. Tekushchee sostoyanie [Elektronnyi resurs] – URL:https://www. vegaslex.ru/analytics/publications/32386/ (data obrashcheniya 21.02.2018)
27.
Oleinikova I. N. Rynok tsennykh bumag. – Taganrog, 1998 [Elektronnyi resurs] URL: http://www.aup.ru/books/m225/3_4_2.htm (data obrashcheniya 21.02.2018)
28.
Otkrytoe aktsionernoe obshchestvo «Zapadnyi skorostnoi diametr» [Elektronnyi resurs] URL: http://www.whsd.ru/pdf/info_mem_03-05.pdf (data obrashcheniya 25.02.2018)
29.
Pravitel'stvo pridumalo sposob postroit' infrastrukturu v rassrochku [Elektronnyi resurs] URL: https://www.vedomosti.ru/economics /articles/2017/11/28/ 743286-infrastrukturu-rassrochku (data obrashcheniya 28.02.2018)
30.
Spisok stran po dline seti avtomobil'nykh dorog [Elektronnyi resurs] URL: https://ru.wikipedia.org/wiki/ (data obrashcheniya 12.02.2018)
31.
Rossiiskii statisticheskii ezhegodnik: statisticheskii sbornik. – M., 2016.
32.
Stroitel'stvo dorog v Rossii i Kitae [Elektronnyi resurs] URL: https://spydell.livejournal.com/639400.html (data obrashcheniya 2.02.2018)
33.
Gosudarstvennaya programma Rossiiskoi Federatsii «Razvitie transportnoi sistemy» utverzhdena postanovleniem Pravitel'stva Rossiiskoi Federatsii ot 15 aprelya 2014 g., № 319 [Elektronnyi resurs] URL: http:// rosavtodor.ru/file/4752 (data obrashcheniya 9.02.2018)
Link to this article

You can simply select and copy link from below text field.


Other our sites:
Official Website of NOTA BENE / Aurora Group s.r.o.
"History Illustrated" Website