Management Theory and Studies for Rural Business and Infrastructure Development, Volume 38, Number 4

Assesment of public debt management

Vida Čiulevičienė, Ieva Mickūnienė

Abstract

This topic is relevant due to the fact that Lithuania's public debt is increasing from year to year, and  there is a lack of comprehensive research on the public debt management. The problem is how to assess whether or not the public debt is managed properly. The purpose of this article is to analyze and evaluate the Lithuanian public debt management by developing a public debt management assessment model. Research methods: the logic of theoretical analysis consists on the systemization of scientific literature on public debt management assessment criteria, indicators and methods; as well as analysis and synthesis of evaluation criteria and indicators. Empirical research is based on information from the Ministry of Finance and the Lithuanian Department of Statistics. Our research shows that management of public debt in 2010–2015 years was as acceptable by public debt  structure, indicators and its compliance with the thresholds, and by public debt growth rates. But by the morality to the future generations, the public debt management is evaluated as immoral and unacceptable. It is offered in the future decisions, related to Lithuanian public debt management, to take into account the burden of public debt to future generations.

JEL Codes: E60; H63.

DOI: https://doi.org/10.15544/mts.2016.25

Keyword(s): debt management, public debt, state economics


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Management Theory and Studies for Rural Business and Infrastructure Development eISSN 2345-0355

This journal is published under the terms of the Creative Commons Attribution-Noncommercial 3.0 Unported License. Responsible editor: Dr Audrius Gargasas.