government loans represented by the structure of interrelated elements and species.So, depending on the status of borrowers are the following types of loans: centralized and decentralized.The first type is represented by government securities issued by the Government through the Ministry of Finance.State loans of the second type based on the securities issue and the local authorities are the main structural element in the financial system of the regional government.With these tools it is possible to have local authorities to carry out activities for the development of a particular region.That is why the decentralized government loan in 2013 has all the prerequisites for its use as a main financial instrument through which can be development of the national economy.
is the responsibility of the issuer's bond loans include local classified all the necessary information on the financial and economic condition.Using this information allows potential investors to decide on the acquisition of such securities.The value of state credit is due to the efficiency of its use.Thus the main subjective factor is considered to be the level of qualification of the personnel in charge of the organization of the placement of these bonds.
Depending on the property distinguish these state loans: internal and external loans.The first type of borrowed funds include featured on the territory of the State in national currency.The definition of foreign loans involves placing them in foreign currency abroad.It should be noted that non-residents is also possible to buy domestic government loans.
State has the right to issue loans to credit institutions of the international level, as well as foreign banks.
Depending on the maturity of the debt the state can be distinguished short-, medium- and long-term loans.Thus, short-term loan suggests its design for a period of up to one year, medium-term - up to five years, and long-term - five years.
There is another classification of government loans, based on the types of yield:
- interest involving their owners receive income in the form of certain dividends;
- discount - sale of securities of national importance carried out at prices lower than their nominal value;
- winning - the implementation of these securities is carried out without fixing percent and their holders will receive income only when the specific numbers in the circulation of bonds redemption, involving winning.
special place in the system of lending and funding allocated state lotteries (holding lottery monies or property purchased with tickets for a fee).
