Public Debt
MINISTRY OF EDUCATION AND SCIENCE OF THE RUSSIAN FEDERATION PLEKHANOV RUSSIAN ACADEMY OF ECONOMICS
INTERNATIONAL BUSINESS SCHOOL
Coursework in Economics
Public debt problem in Russia
Student: Merefiianskyi Artem G. Group: 5203
Supervisor: Savinova M.
Moscow 2006
CONTENTS
INTRODUCTION 3
CHAPTER 1. Theoretical, historical and legislative aspects of public debt. 4
§ 1. The meaning of public debt for a country. 4
§ 2. Public debt and its structure. 6
§ 3. Historical aspects of public debt. 10
CHAPTER 2. Public debt problems in Russia. 12
§ 1. Russian Federation Public debt. Up-to-date Government of the problem. 12
§ 2. Relationships between Russia and foreign countries. 14
CHAPTER 3. Russian public debt management policy. 16 § 1. The strategy of regulation public debt of Russian Federation in 2003-2005. 16 § 2. The main directions of public debt regulating strategy for the period from 17
2006 to 2008.
CONCLUSION 19
BIBLIOGRAPHY 20 APPENDICES 21
Introduction
Almost every country in the world, while doing economic transformations, resorts to external sources of financing. Rational approach to foreign loans, credits and other types of help contributes into acceleration of economic development and solving social-economic problems. However the absence of complete integrated government policy in attracting and using external financial sources leads to formation of external debt which becomes a large barrier heading toward to economic transformations. Majority of developed countries, members of Paris club, are not only the largest creditors, but also greatest debtors. Starting from 17th century along with the development of government credit
INTERNATIONAL BUSINESS SCHOOL
Coursework in Economics
Public debt problem in Russia
Student: Merefiianskyi Artem G. Group: 5203
Supervisor: Savinova M.
Moscow 2006
CONTENTS
INTRODUCTION 3
CHAPTER 1. Theoretical, historical and legislative aspects of public debt. 4
§ 1. The meaning of public debt for a country. 4
§ 2. Public debt and its structure. 6
§ 3. Historical aspects of public debt. 10
CHAPTER 2. Public debt problems in Russia. 12
§ 1. Russian Federation Public debt. Up-to-date Government of the problem. 12
§ 2. Relationships between Russia and foreign countries. 14
CHAPTER 3. Russian public debt management policy. 16 § 1. The strategy of regulation public debt of Russian Federation in 2003-2005. 16 § 2. The main directions of public debt regulating strategy for the period from 17
2006 to 2008.
CONCLUSION 19
BIBLIOGRAPHY 20 APPENDICES 21
Introduction
Almost every country in the world, while doing economic transformations, resorts to external sources of financing. Rational approach to foreign loans, credits and other types of help contributes into acceleration of economic development and solving social-economic problems. However the absence of complete integrated government policy in attracting and using external financial sources leads to formation of external debt which becomes a large barrier heading toward to economic transformations. Majority of developed countries, members of Paris club, are not only the largest creditors, but also greatest debtors. Starting from 17th century along with the development of government credit
Bibliography: 1. Основы экономической теории (С-Пб, "Питер", 2000 г.) У 2. '"осударственные экономические стратегии (М., издательство " '"еловая книга", 1998 г.) Е.Н by Hassan Bougrine (Editor), 2000 pg. 118-125 5 by Anibal A. Cavaco-Silva, 2001 pg. 47-52 6 8. McConnell C.R., Brue S.L. Economics (textbook and study guide). McGraw-Hill Publ., 1990. 9. Орлова Н. Российский государственный долг после дефолта. // Рынок ценных бумаг» № 40(279), 2003г. 11. '"осударственный бюджет: Учеб. Пособие. 2-е изд., перераб./ Т. ' '. Сорокина. '" Мн.: Б '"ЭУ, 2004 c.20-30 12 13. Макроэкономика: Под ред. М.И. Плотницкого. М.: Новое издание, 2002.-462с. - (экономическое образование) c. 252-257 14 |Emerging Europe: Total Public Debt, 2004 | |Percent of GDP |