An autonomous research institute under the Ministry of Finance


Debt Sustainability: G20 should seek interest rates lower than growth rate


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High interest rate affects public debt management when debt servicing becomes costlier. The pragmatic baseline for the G20 fiscal sustainability is to have a check on the cost of borrowing and rate of economic growth, opt for debt restructuring and go soft on numerical thresholds.
In a low-interest rate ...

Why celebrate a disappearing deficit?


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Single-minded pursuit of zero revenue deficit can hurt the poor in particular.
In the post pandemic fiscal strategy, the "golden rule" of targeting zero revenue deficit is gaining attention as a powerful mantra of fiscal discipline. The 'golden rule' translates that the revenue receipts should be the basis ...