| Abstract [eng] |
Government debt and its management are important for all countries. State borrows in order to cover the budget deficit, implement reforms and to provide public services in education, health, social security and other fields. Master's thesis analyzed the concept of government debt, government debt structure, classification and valuation of debt qualitative and quantitative criteria for government debt issue patterns and economic impact of government debt. In order to assess the economic impact of the debt, there was collected and identified positive and negative effects of government borrowing. To predict trends in the Lithuanian government borrowing has been made government debt dynamics and structure analysis 1998 - 2010 in period. In order to determine a causal - and consequential relationship between government debt and its influencing factors there was made the correlation, regression analysis. Based on the theoretical part of this master singled out the debt evaluation criteria and Domar (1984), Zamkov (1997), Blanchard (1990) model of government debt which is considered the admissibility of the Lithuanian state debt, various borrowing scenarios modeled. Following the imposition of acceptable model for Lithuanian government, the government debt forecast and calculate the required GDP growth rate. |
