Improving the management system of sub-federal public debt

The process of public debt management is characterized by the relationship and interdependence of organizational, legal, financial and accounting arrangements, aimed at regulating the structure of debt obligations, the cost of borrowing resources, the debt value, maturity date, and it is calling a systematic approach. In this regard, specific measures to improve the legal regulation of public debt are proposed; the necessity of debt risk assessment and management is substantiated; the issues associated with efficiency assessment of regional public debt state are discussed in the article. The presented scientific article is focused to the formation of an effective system of public debt management of the Russian Federation subjects, having the ability to adapt to changing economic conditions.