Current Condition Of Russia's External Debt

Elena V. Lapteva,Ludmila A.Aleksandrova,LudmilaV. Zolotova,Lidia V. Portnova,Elena P. Ogorodnikova,Kolodiajnaia Anna Urievna

The study of macroeconomic processes of the country is inextricably linked with the study of the dynamics of external borrowings. External debt significantly affects the entire economy of the country. All civilized states of the world are carrying out economic transformations, resorting to external sources of financing. Being merged into the local economy, the borrowed external funds (as well as their rational use) can in many ways contribute to accelerating the pace of economic development and solving social and economic problems.Despite a large number of domestic and foreign researchesin the field of external borrowing, the condition of Russia's external debt is still understudied. The article presents a developed methodology for applying the economic and statistical analysis of the state of Russia's external debt. This will allow determining the patterns and factors of the formation of external borrowings and analyzing trends in the dynamics of the volume and structure of external debt to identify promising areas of external debt reduction. As a result of applying the methods of economic and statistical analysis (structure, dynamics and forecasting, and performance attribution analysis), the structural and dynamic changes in the composition of Russia's external debt were identified.The same methodology also allowed defining trends in the dynamics of the external debt volume and factors affecting the growth rate (decrease) of Russia’s external debt volume.

Volume 12 | Issue 6

Pages: 72-83

DOI: 10.5373/JARDCS/V12I6/S20201009