Legal regulation of state (municipal) external debt as an institution of financial stability of the Russian Federation
The work analyses the legal basis for regulating state (municipal) external debt. Issues of legal regulation of state debt obligations in order to ensure economic security of the Russian Federation in the context of growing challenges (risks), unstable geopolitical and economic situation take on particular importance. The Institute of Debt Obligations of Public Legal Entities is one of the main elements of the financial and legal mechanism for ensuring the financial stability of the Russian Federation. The study of this institution will go a long way to determine the vectors of state policy and realization of the functions of the state in opposition to modern threats and their negative manifestations. State (municipal) external borrowing is carried out to finance budget deficits (at all levels of the budget system), as well as for the repayment of state debt obligations. An ambiguous assessment is caused by the growth trend of government debt obligations, taking into account the declared and implemented budget surplus policy of the Russian Federation in recent years.