Debt Capacity and Financial Sustainability in Central Government Hot
https://psaar.net/media/reviews/photos/thumbnail/300x250s/05/06/d3/Global-encyclopedia-public-administration-98-1491646070.jpgIn this context, governmental debt capacity consists in placing sovereign debt - for sake of debt issuance and refinancing – with governmental entities, resident and foreign debt-holding investors, monetary financial institutions and central banking. The latter two placements relate to the monetary base management. Financial markets may facilitate some of these transactions on sovereign debt.
Therefore, fiscal policies, welfare policies and public debt management are linked, while governmental debt capacity constitutes an integral part of its financial sustainability.
- Financial accounting
- International Accounting / Accounting Harmonization
- Performance measurement
- Other