Economics and Business Management

The securities market is a powerful platform to accumulate capital for further investment in favor of structural reconstruction of the economy, increasing population welfare level through the possession of fund financial instruments. As one of the financial instruments, the government debt securities gained widespread use as reliable, easy-to-use, and readily obtainable financial assets. The place of domes c government loan bonds in the forma on of Ukraine's public debt and financing of the state budget deficit is highlighted in the article. The modern statistics confirm the safety and viability for the use of internal government debt securities and, in conducted research, the author proves a significant increase in the amounts of funds a recredit to budget fund from the Ukrainian domes c government bond settlement. The article systemizes the data on main indicators of the domestic market of Ukrainian domestic government bonds, determines the portfolio structure on the basis of ownership, and describes ways to expand the range of potential investors, for example, by involving physical entities. Several primary dealer banks were chosen to analyze the purchase terms of Ukrainian domes c government bonds for citizens of Ukraine on the primary market. The directions for the development of domestic internal debt market were determined, namely, to strengthen communication with fund market participants, to concentrate liquidity in certain instruments, to protect investors multi-lateral trading systems, to make pricing transparent on the Ukrainian domestic government bond market, to arrange auctions regularly, to diversify the foreign currency debt structure portfolio, etc. The well-structured process of Ukrainian domestic government bond emission in the part of public debt management strategy will allow holding investors with such investment time frame interested to obtain instruments in the medium run

state finances; public debt; debt policy; financial market; internal loans; domestic government loan bonds; expected rate of return; primary dealers; market-makers