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

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dc.contributor.authorBarbakadze, Tamari
dc.date.accessioned2023-01-25T09:05:50Z
dc.date.available2023-01-25T09:05:50Z
dc.date.issued2022
dc.description1. მოხსენება „საქართველოს 2021 წლის სახელმწიფო ბიუჯეტის შესრულების მიმდინარეობის შესახებ“ – სახელმწიფო აუდიტის სამსახური, 2021 წელი; https://www.sao.ge/ka/მოხსენება- საქართველოს-2021-წლი2021102004336114ka.html 2. „საქართველოს სახელმწიფო ვალის ზრდის პრობლემა Covid-19 – ის პანდემიით გამოწვეული ეკონომიკური კრიზისის პირობებში“ – ვ. პაპავა, ვ. ჭარაია – ექსპერტის აზრი გამოცემა N152. 2021; 3. „მთავრობის ვალის მართვის სტრატეგია 2019-2021“ – საქართველოს ფინანსთა სამინისტრო. 2019 წელი, https://www.mof.ge/images/File/DMS-GEO-2019-2021.pdf ; 4. Nyekachi N. Amadi “Public Debts Stock And Economic Growth”, 2021; 5. World Economic Outlook – International Monetary Found – 2021 Jan. https://www.imf.org/en/Publications/WEO/Issues/2022/01/25/world-economic-outlook-update-january-2022 6. F. Roch: “Debt and Fiscal Commitment”, IMF Analytical Series, 2022. 7. Data for Georgia, Upper Middle Income.” The World Bank, 2020. https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=GE 8. David, A., J. Guajardo, and J. Yepez. “The Rewards of Fiscal Consolidations: Sovereign Spreads and Confidence Effects.” Journal of International Money and Finance 123 (May): 102602. 2022.en_US
dc.description.abstractA 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.en_US
dc.identifier.citationVII International Scientific Conference: "Challenges of Globalization in Economics and Business", Tbilisi, 2022, pp. 48-52en_US
dc.identifier.isbn978-9941-36-061-9
dc.identifier.urihttps://dspace.tsu.ge/handle/123456789/2109
dc.language.isogeen_US
dc.publisherIvane Javakhishvili Tbilisi State University Pressen_US
dc.subjectსახელმწიფო ვალი, ვალის ტვირთი, ფისკალური სისტემა, დეფოლტიen_US
dc.titleThe impact of projects financed by foreign state debt on the economic stability of the countryen_US
dc.typeArticleen_US
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