Publication Date: 2023/12/16
Abstract: For supporting fiscal sustainability, which affects general economic conditions, including economic growth, a detailed examination of debt-related indicators is crucial. In this paper, an in-depth investigation of the risk factors is done regarding Georgia’s government debt. Particularly, there are risks associated with currency devaluation, refinancing (liquidity), interest rates, and unproductive spending. According to the research, there are some challenges that need to be addressed by policymakers. It should be mentioned that the challenges exist despite the relatively low level of government debt in Georgia.
Keywords: Government Debt; Debt Sustainability; Risks.
DOI: https://doi.org/10.5281/zenodo.10401029
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT23DEC694.pdf
REFERENCES