Formation and management of public debt sustainability on the example of the Republic of Kazakhstan and the Russian Federation
International Journal of Organizational Analysis
ISSN: 1934-8835
Article publication date: 18 May 2021
Issue publication date: 31 January 2022
Abstract
Purpose
The purpose of this paper is to study debt sustainability of countries with a resource-based economy on the example of the Republic of Kazakhstan and the Russian Federation.
Design/methodology/approach
Macroeconomic indicators and data on external and internal public debt of the Republic of Kazakhstan and the Russian Federation for the period from 2007 to 2019 were analyzed using quantitative, qualitative, comparative, descriptive and graphical methods. Based on the collected data, the indicators were calculated, analyzed and compared, taking into account the threshold values, using The Debt Sustainability Framework for Low-Income Countries of the International Monetary Fund and the World Bank.
Findings
The results of the study showed that the indicators of the public debt of both the Republic of Kazakhstan and the Russian Federation, during the period covered by the study, were in the zone of reduced risk and were stable. In addition, the study revealed a slight shift in the structure of the public debt of the Republic of Kazakhstan toward a decrease in the share of domestic borrowing (from 67% to 55%), whereas in the structure of the Russian public debt, the share of domestic borrowing increased significantly (from 52% to 74%).
Originality/value
The results of this study can be applied by scientists to analyze the sustainability of public debt in various countries and regions, as well as by officials to determine the fiscal and budgetary policies of the Republic of Kazakhstan and the Russian Federation, as well as other states.
Keywords
Acknowledgements
Retraction notice: The publishers of the International Journal of Organizational Analysis wish to retract the article “Formation and management of public debt sustainability on the example of the Republic of Kazakhstan and the Russian Federation” by Asset Mukhtarkhan, which appeared in volume 30 issue 2, 2022.
Following concerns that authorship for this article was offered for sale prior to submission to the International Journal of Organizational Analysis, an investigation has shown evidence of a compromised peer review process. As a result, the findings of the article cannot be relied upon.
Authors submitting to the journal are expected to adhere to the guidelines and policies of the journal.
Despite numerous attempts to contact the authors, the journal has received no response; the response of the authors would be gratefully received.
The publishers of the journal sincerely apologize to the readers.
This research did not receive any specific grant from funding agencies in the public, commercial, or not-for-profit sectors.
Citation
Mukhtarkhan, A. (2022), "Formation and management of public debt sustainability on the example of the Republic of Kazakhstan and the Russian Federation", International Journal of Organizational Analysis, Vol. 30 No. 2, pp. 542-567. https://doi.org/10.1108/IJOA-10-2020-2453
Publisher
:Emerald Publishing Limited
Copyright © 2021, Emerald Publishing Limited