Authors :
Lasha Kelikhashvili
Volume/Issue :
Volume 8 - 2023, Issue 12 - December
Google Scholar :
https://tinyurl.com/4zb5f7ab
Scribd :
https://tinyurl.com/4dvfyemz
DOI :
https://doi.org/10.5281/zenodo.10401029
Abstract :
For supporting fiscal sustainability, which
affects general economic conditions, including economic
growth, a detailed examination of debt-related indicators
is crucial. In this paper, an in-depth investigation of the
risk factors is done regarding Georgia’s government debt.
Particularly, there are risks associated with currency
devaluation, refinancing (liquidity), interest rates, and
unproductive spending. According to the research, there
are some challenges that need to be addressed by
policymakers. It should be mentioned that the challenges
exist despite the relatively low level of government debt in
Georgia.
Keywords :
Government Debt; Debt Sustainability; Risks.
For supporting fiscal sustainability, which
affects general economic conditions, including economic
growth, a detailed examination of debt-related indicators
is crucial. In this paper, an in-depth investigation of the
risk factors is done regarding Georgia’s government debt.
Particularly, there are risks associated with currency
devaluation, refinancing (liquidity), interest rates, and
unproductive spending. According to the research, there
are some challenges that need to be addressed by
policymakers. It should be mentioned that the challenges
exist despite the relatively low level of government debt in
Georgia.
Keywords :
Government Debt; Debt Sustainability; Risks.
