ROLE OF GOVERNMENT SECURITIES IN ECONOMIC GROWTH STIMULATION: EU PRACTICES AND PARTICULARITIES OF THE REPUBLIC OF MOLDOVA.

In this article were investigated the main theoretical and practical aspects related to the macroeconomic and socio-economic consequences of public debt and budget deficit as well as the role of Government securities in financing of state expenditures and economic growth. Investigation was implemented based on such research methods as: general-scientific methods of cognition, logical analysis of theoretical and practical materials, documentary method, analogy and grouping, quantitative and qualitative data methods, graphical method, correlation analysis, methods of synthesis and comparative analysis. In order to implement the best international experience in the Republic of Moldova, in this study, besides domestic market, were estimated the Government securities markets from Belgium and România; was revealed, based on correlation analysis, the influence of Government securities markets on the dynamics of main macroeconomic indicators, and, using the best European practices, were elaborated the recommendations for Government securities market development in the Republic of Moldova. [ABSTRACT FROM AUTHOR]