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Trend Brakes in The Public Debt Management in Slovenia

In: Ekonomický časopis/Journal of Economics, vol. 57, no. 1
Primož Dolenc
Detaily:
Rok, strany: 2009, 95 - 103
Kľúčové slová:
public debt, debt management, Slovenia JEL Classification: H63, G14
Typ článku: Vedecký / Article
O článku:
Public debt management is one of basic fiscal functions the government per-forms. Public debt usually comprises a large share of nation’s gross domestic product and is therefore an important instrument of fiscal policy. The purpose of this paper is to shed light on public debt management in Slovenia. Our goal was to estimate and present effects of debt management transactions performed by Slovenian Debt management office from year 2002 onwards. We found that these transactions had significant and positive effects on costs of public debt and also on its dynamics: they caused the turn in interest payments’ trend and lowered the dynamics of upward-sloping trend of public debt.
Public debt management is one of basic fiscal functions the government per-forms. Public debt usually comprises a large share of nation’s gross domestic product and is therefore an important instrument of fiscal policy. The purpose of this paper is to shed light on public debt management in Slovenia. Our goal was to estimate and present effects of debt management transactions performed by Slovenian Debt management office from year 2002 onwards. We found that these transactions had significant and positive effects on costs of public debt and also on its dynamics: they caused the turn in interest payments’ trend and lowered the dynamics of upward-sloping trend of public debt.
Ako citovať:
ISO 690:
Dolenc, P. 2009. Trend Brakes in The Public Debt Management in Slovenia. In Ekonomický časopis/Journal of Economics, vol. 57, no.1, pp. 95-103. 0013-3035.

APA:
Dolenc, P. (2009). Trend Brakes in The Public Debt Management in Slovenia. Ekonomický časopis/Journal of Economics, 57(1), 95-103. 0013-3035.