ANALYSIS OF THE EXTERNAL DEBT OF THE RUSSIAN FEDERATION: PROBLEMS AND CONTRADICTIONS
Abstract and keywords
Abstract (English):
The overwhelming majority of countries lack their own resources to carry out socio-economic transformations, cover the budget deficit and make domestic investments, which is why many countries resort to external sources of financing, hence the national debt. It will probably be quite difficult to find a country that does not resort to raising funds from external or internal sources of financing. In general, credit cannot be considered as some kind of “absolute evil”, since rationally used loans and borrowings can significantly accelerate economic development, make the process of expanded reproduction more efficient and dynamic, solve many social and economic problems, etc. at the same time, significant public debt is a heavy burden that can complicate the normal functioning of the economic system. The growth of government debt reduces the stock of capital in the economic system (since, for example, the holder of savings, instead of investing in the economy through the purchase of shares of various companies or lending extended reproduction, buys government bonds, thereby financing the state and its needs). External debt — the total debt of the state, expressed in monetary units and interest on their payments. The creation of a civilized financial space is a very important moment for each state that has embarked on the path of market relations in their full implementation. And if most countries capitalized relations long ago, then the independent countries that emerged after the collapse of the socialist empire needed to gain new experience in the shortest possible time.

Keywords:
external debt, government debt of Russia, investors, securities, sanctions, threats
References

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