The impact of projects financed by foreign state debt on the economic stability of the country

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Ivane Javakhishvili Tbilisi State University Press
A large part of public debt spending is directed to social security, and infrastructure projects are reduced, which directly affects the economic situation of the country. At the same time, it is important to invest public debt to finance such measures that will promote local production, so that the benefits obtained exceed the debt burden. For the state budget, the main challenge in terms of loans issued at the expense of foreign credit resources is credit risk, the effect of which has increased especially during the pandemic period. Realization of credit risks is manifested, on the one hand, in the restructuring of loans, and on the other hand, in the indirect payment of service and repayment costs of loans from the state budget. It is important to properly evaluate and identify such projects, that will be financed by foreign government debt. This will allow the country to avoid excessive debt and its service costs. The economic situation and creditworthiness of the country are of decisive importance for project evaluation.
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სახელმწიფო ვალი, ვალის ტვირთი, ფისკალური სისტემა, დეფოლტი
VII International Scientific Conference: "Challenges of Globalization in Economics and Business", Tbilisi, 2022, pp. 48-52