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The Importance of Public Debt in the Economy and Assessing its Sustainability - The Case of the Republic of North Macedonia

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The Importance of Public Debt in the Economy and Assessing its Sustainability - The Case of the Republic of North Macedonia


Sulbije Memeti | Mahije Mustafi | Era Memeti



Sulbije Memeti | Mahije Mustafi | Era Memeti "The Importance of Public Debt in the Economy and Assessing its Sustainability - The Case of the Republic of North Macedonia" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-1, December 2020, pp.665-667, URL: https://www.ijtsrd.com/papers/ijtsrd38051.pdf

The issue of public finance stability is one of the issues that are made many analyzes if high budget deficits are a cause or not. Also, the stability of state debt is presented as a political and economic challenge in the global sphere. Focuses on the economic, social impacts, political, and current reflections of borrowing in the context of public debt theory, the transformation in the external debt structure in the globalization process nowadays is emphasized. Initially external assistance and debts taken by developing countries as development financing have been used as a means to eliminate the stagnation by the developed countries in their economies. Public debt represents the accumulated value of loans that the state has taken to finance past deficits. Public debt is a burden on the economy, because it must also return reducing national incomes. The level of public debt directly influencing public investment (G) primarily affects the level of public and private investment (I), the level of employment, the level of consumption in an economy (C) and the level of production affecting the level of imports (I) and exports (X).

deficits, debt sustainability, political and economic challenge, the accumulated value of the loans, bonds, investment, consumption


IJTSRD38051
Volume-5 | Issue-1, December 2020
665-667
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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