Developing Government Debt Securities System: The Case of Latvia

Avotins, Ivars
April 2013
International Journal of Exclusive Management Research;Apr2013, Vol. 3 Issue 4, p1
Academic Journal
Developing countries are in need to attract additional resources. Reasons causing this action vary: i) to increase the speed of countries development, ii) lack of financial resources to settle government liabilities, iii) solve social requests of society like hospitals, schools, concert halls and infrastructure. The object of the research is government debt securities in Latvia with the aim to analyse improvements to increase demand on them. To achieve the target statistical data analyses and grouping analyses methods are used. With respect to Latvia starting from December 1993 there have been a lot of issues of government securities and consequently maturities, however there is a lack of result in country's development or solutions in social projects. During 18 years from 1993 till 2011 the government debt has grown from 0% till 38% of GDP. Overall results of the research will show the logical development of the debt maintenance system and the need for improvements in it. There will be given highlight of weak points in system and suggestions of the way to reduce further increase of the total debt amount, e.g., by introducing improvements in the current system and attracting additional amount for smaller percentage payments. Current system is attractive for professional investors like banks, insurance companies, pension and investment funds, but not so attractive for households. The author believes that country with strong economy must rely on their resident households and should attract additional investors from household sector


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