Ukraine’s external public debt management

The paper reveals the external public debt contents. Particularly, it presents different modern economists approaches to the definition of this term. It is revealed that among foreign debt researchers there isn’t exist a definite approach to its interpretation. It is explained by the fact that the public debt can be characterized from different points of view, as: content, form, legal status, etc. The previous and current debt relations’ build-up processes in Ukraine have been studied. According to the results of the retrospective study, eight stages have been outlined and characterised. The main factors leading to the growth of external public debt are discussed, among which are: the last decade budgetary gap, the loan liabilities to donor countries, and a great reduce in debt security due to the unresolved military conflict in the east of Ukraine. Nowadays, there is a need to cover the budget deficit, to refinance of the previously implemented state loans, etc. The analysis of the external debt structure from different points of view has been studied, particularly, in terms of a currency repayment and type of a creditor. The analysis of the external debt structure by the type of creditor has allowed identifying the main lenders ? international financial organizations. As for the currency structure of Ukrainian loans, it is disorganized, since a large share is of loans are in US dollars. Taking into consideration the above, the debt management system is directly dependent on the state monetary policy and the conditions determined by the lenders. Therefore, based on the Ukraine’s current liabilities analysis, the operational guidelines in achieving an acceptable level of debt load are offered in terms of the exciting external loans management improvements