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The Economic Analysis

When Govt. revenue is not enough to meet debt servicing costs

When Govt. revenue is not enough to meet debt servicing costs

The public debt has reached a magnitude when government revenue is inadequate to meet debt servicing costs. In 2012, debt servicing costs were 3 per cent more than government revenue. As much as 103 per cent of government revenue was needed to repay maturing debt and meet interest costs. Consequently government has to borrow to [...]

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