Роль и значение государственных финансов в решении социально-экономических задач

debt can be defined as debt obligations of public 
authorities of different levels to individuals and legal 
entities (residents and non-residents), foreign states, 
international organizations and other subjects of 
international law, including obligations under the 
provided state guarantees.

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Public Debt Management Concept

Public debt management in a broad sense is 
understood as the formation of one of the directions 
of the state's economic policy related to its activities 
as a borrower. 

In other words, public debt management is the 
activities of the state carried out at the strategic and 
tactical levels, represented by its authorized bodies 
to regulate the volume, structure and cost of 
servicing public debt obligations.

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Public Debt Management Instruments for Changing the Terms of 
Issued Loans (1)
•
a change in the original terms of the loan related to the yield.
Conversion
•
changes in the terms of loans associated with their terms. It is 
possible to combine consolidation with conversion.
Consolidation
•
it is the consolidation of several loans into one, when bonds 
of previously issued loans are exchanged for bonds of a new 
loan.
Loan unification
•
when several previously issued bonds are equated to one 
new bond.
Regressive bond exchange

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Public Debt Management Instruments for Changing the 
Terms of Issued Loans (2)
•