THE IMPACT OF FOREIGN EXCHANGE RESERVES AND STATE DEBT ON THE ECONOMY OF UKRAINE

Анотація

The economic processes of the countries of the world are built on the interaction of many mechanisms and factors that influence each other in one way or another, causing certain economic phenomena. The functioning of the financial system of each state is closely related to the management of its public debt. The impact of debt on the economy cannot be unequivocally considered as positive or negative for a number of reasons, as on the one hand the state needs external and internal borrowing, especially when it is unable to finance its own expenditures or in case of unforeseen circumstances arising. On the other hand, debt servicing entails additional budget expenditures, which sometimes causes an even greater deficit. Another equally important factor influencing the country's macroeconomic stability is the volume of its gold and foreign exchange reserves, which is a set of international financial assets owned by a particular state. In Ukraine, like in most countries of the world, the total sum of these reserves first of all supports to maintain the stability of the national currency.

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