Public debt: Ukrainian realities

Abstract

The paper investigates the public debt and macroeconomic and macro-financial aspects of its development in Ukraine. The assessment of the relationship between the public debt and fiscal indicators is made in the context of financial stability and sustainability. The relationship of the public debt and monetary indicators and its impact on inflation and price stability in the context of fiscal sustainability and macroeconomic balance are analysed. The causality of public debt is revealed. Dialectic, as well as economic, financial and social, effects of the debt policy are defined. The directions for the debt policy improvement in Ukraine are offered&