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Macroeconomic Indicators and their Impact on the Foreign Debt Burden: The Case of BRICS Countries

Ravil Akhmadeev (), O.A. Bykanova, N.V. Philippova, I.V. Vashchekina and T.B. Turishcheva

International Journal of Economics & Business Administration (IJEBA), 2018, vol. VI, issue 2, 68-82

Abstract: The main aim of this article is to analyse the macro indicators affecting the foreign debt burden of BRICS. It has been proven that it is required to design development scenarios in mid-term planning via forming a numerical estimate plane, taking into account expectations of economic variables’ behavior and other factors, which would stabilize the debt burden and other indicators at sensible levels. Using the elimination approach towards the impact of all factors on the amount on the end result except one, the article formulates and proves the hypothesis that market indicators in relation to GDP influence the size of the country’s debt.

Keywords: Budget policy; state debt; tax burden on the economy; financial system of the state; macroeconomics; BRICS countries. (search for similar items in EconPapers)
JEL-codes: B40 C53 E17 F34 (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:ers:ijebaa:v:vi:y:2018:i:2:p:68-82