Abstract
This paper focuses on the significance of digital technologies for increasing government efficiency in public debt management. The changing debt situation in the global economy is giving rise to new challenges in public debt management. Public debt information systems have a high complexity level and operate in a dynamic environment caused by changes in equipment, technologies, information, accounting, and reporting forms. It is demonstrated in the paper that digital technologies play important role in improving data coverage, timeliness, and transparency, and, finally, quality of decisions in the public debt sphere. For instance, DLT provides the following opportunities: elimination of some intermediaries in public debt management; reduction of costs of issuing, servicing, and redemption of the public debt; increased speed of bonds’ issuance organization as well as increased speed of receiving bonds by investors; no need for reconciliations and easier audit. Possible drawbacks of new technologies’ application are the need for harmonization, common standards, and overall collaboration to start the process; problems of integrating new ones with existing processes and systems; the necessity to provide cybersecurity.
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The article was written based on the results of the research carried out at the expense of budget funds, which were provided to the Financial University as part of the state contract.
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Tsvirko, S. (2022). Digital Technologies for Prudent Public Debt Management. In: Antipova, T. (eds) Comprehensible Science. ICCS 2021. Lecture Notes in Networks and Systems, vol 315. Springer, Cham. https://doi.org/10.1007/978-3-030-85799-8_10
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DOI: https://doi.org/10.1007/978-3-030-85799-8_10
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