Paper Title
The Impact of the State Debt Sustainability on the Macroeconomic Environment

Abstract
The state debt is one of the key components of fiscal policy management.The main motive to take it financing payment of budget. The state debt can be avoided by prevented with various social and investment projects with under insufficient financial resources. As a result, the state debt can be considered as one of the tools to stimulate economic growth. However, the inefficient management of state debt may lead to a crisis rather than economic growth. Therefore, for Georgia as a developing country, it is important to ensure sustainable development of state debt management. The amount of debt determines the country's financial stability,which affects the country's economic development. For this, we need to evaluate the state debt towards macroeconomic parameters. In the theme I will discuss the state debt management strategies, the depreciation of the debt and its covering sources, the contemporary tendencies of Georgia's internal and external debt, its impact on the country's economic growth. Keywords - Management of state debt, Macroeconomic parameters, Effective management of debt, debt sustainability;