Home  Journals  Finance and Credit  19(403) - 2010 May

The Organizational-financial conditions of the functioning of the municipal debt

Available online: 19 May 2010

Subject Heading: Municipal finance

JEL Classification: 

Municipal debt functions as the special shape of financial-credit relations, in the content it is the adoptions, achieved by a way of obtaining of cash resources under the percentages from the creditors and in exchange for produced securities from the investors. The financial mechanism of adoptions is based on existence of the temporarily free cash resources of organizations and physical persons, governments of foreign states and international financial organizations, which draw municipal formations as honest and solvent borrowers on the conditions of reflexivity, charge and urgency, directing to covering of deficit of its own budget and pay-off of earlier than the prevailing municipal debt.

Keywords: municipal debt, budget deficit, securities, credit relations, financing expenditures

View all articles of issue

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 30, Iss. 4 April 2024

Archive