Strategic Roadmap for Public Debt Management Under Crisis Challenges

The study is devoted to the analysis of public debt management in crisis conditions, which is extremely relevant in the context of growing global financial turbulence, recurring economic shocks, and increased fiscal vulnerability. The aim of the study is to develop a generalized strategic roadmap for public debt management that can be applied to countries facing various types of crises, including wars, pandemics, currency shocks, and peak external debt payments. The methodological basis of the study is a synthesis of crisis management theory, debt sustainability concepts, and applied approaches to financial security. The results obtained made it possible to form a multi-level roadmap covering stabilization measures (prioritization of expenditures, introduction of payment matrices), adaptation tools (reprofiling of short-term liabilities, inflation-indexed domestic bonds, thematic issues of ESG securities), as well as transformation mechanisms (government-dependent debt instruments, GDP warrants, institutional reforms to create independent debt management agencies).