Akademik Məlumat İdarəetmə Sistemi
37th International Scientific Conference on Economic and Social Development - Socio Economic Problems of Sustainable Development, Baku, Azerbaijan, 14 - 15 February 2019, pp.295-302
The proposed article presents the economic nature and approaches to determining the financial sustainability of the state and government borrowing and the possibility of its formation. The article discusses the concept of "public debt", its structure by subjects of international credit and the foreign exchange composition of the country's foreign loans. It has been carried out the analysis of changes in economic development indicators and the indicators of the country's budget. It has been investigated the dynamics of changes in public debt and GDP in the Republic of Azerbaijan for the period 2010-2017. And also, the article examines the debt nature of the modern economy, as most countries lack their own resources to finance the current balance, to cover the state budget deficit, to carry out socio-economic reforms, and to fulfill debt obligations.