CONTEMPORARY ISSUES RELATED TO THE THEORY AND PRACTICEOF PUBLIC DEBT MANAGEMENT IN ARMENIA

It is obvious that at the current stage of socio-economic development, the state is faced with numerous problems, the solutions of which are conditioned by the availability of financial resources of the appropriate volume and quality. Therefore, it is important, first of all, to finance those programs that the country are of vital, strategic importance for the development of the economy. At the same time, it is necessary to substantiate the priorities that determine the development of the most competitive sectors of the economy with clearly developed criteria. In other words, an increase in public debt can also be justified in cases where borrowed funds are directed to the development of locomotive sectors of the economy (mainly industry), which are called upon to raise other industries and their infrastructures after them. This means that the involvement of public debt should be based on the program principle.