Abstract
The financial situation of any country is highlighted by the level of its deficit. It is
difficult to imagine a state that is not involved in the problem of having a deficit budget.
There are various sources of financing the deficit of the state budget, but the most
applicable is the involvement of foreign loans, which ultimately increases the burden of
the state debt. Effective management of public debt is important in the context of
financial management. In the article, the authors used the external debt/export ratio tool
to evaluate the RA state debt, one of the debt evaluation coefficients used by the World
Bank for the classification of borrower countries. The results of the reanalysis based on
the mentioned methodology allows us to note that, in general, the debt ratio of RA was
in the "acceptable" range specified by the World Bank in the considered periods, except
for the "horrific" range recorded in 2009, 2016 and 2021, the causal interpretation of
which was presented in the article.
Publisher
Research Center ALTERNATIVE
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