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Financial Analytics: Science and Experience
 

Forecasting of public debt of the Orenburg Oblast through the analytical alignment method

Vol. 9, Iss. 12, MARCH 2016

PDF  Article PDF Version

Received: 10 December 2015

Received in revised form: 1 February 2016

Accepted: 11 February 2016

Available online: 27 March 2016

Subject Heading: MONITORING OF ECONOMIC PROCESSES

JEL Classification: C32, H62, H63, H68

Pages: 37-46

Kolodyazhnaya A.Yu. Orenburg State Agrarian University, Orenburg, Russian Federation
sova_qwe@list.ru

Importance The article discusses the issues of debt policies of the Orenburg oblast.
     Objectives The research forecasts the public debt of the Orenburg oblast.
     Methods The research employs general research methods, i.e. analysis, synthesis of existing publications on debt policies, and statistical data of the Ministry of Finance of the Orenburg oblast. The public debt of the Orenburg oblast was forecasted through such economic and statistical methods as a trend analysis and analytical alignment of time series.
     Results I found confidence limits of the forecasted public debt of the Orenburg oblast for 2018–2019. The forecast is based on an analysis of trends and structure of the public debt of the Orenburg oblast, identification of its origination and regular increase reasons, and determining a source of borrowings.
     Conclusions and Relevance I conclude on ever increasing public debt of the Orenburg oblast, and the need to outline activities for keeping the public debt at the economically tolerable level. The findings can be used to formulate the main areas of debt policies in the Orenburg oblast, project the region's public debt, form the budget, and improve public debt management algorithms. The findings can be also used for educational purposes.

Keywords: public debt, deficit, budget, forecasting, Orenburg oblast

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