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Fiscal consolidation imperative for economic stability and growth

Fiscal consolidation imperative for economic stability and growth

A low fiscal deficit is vital for economic stability and sustained economic growth. Large fiscal deficits debilitate the economy in diverse ways. Containing the fiscal deficit, reducing the public debt burden and decreasing debt servicing costs are vital for economic stabilisation and long term economic development. Large deficits lead to borrowing and in turn to [...]

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