national debt
More News
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US national debt exceeds $35 trillion for first time
Deficits caused by structural factors; aging baby-boom generation, rising healthcare costs, and poor tax system
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Basic reforms can correct country’s fiscal disorder
Funds required for producing exportable surplus of goods can be acquired only by cutting govt spending
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Pakistan has borrowed $1.4b during July-September
Foreign banks remain largest source of loans, 3 lenders contributed 80% of borrowings
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As much as one hates it, IMF borrowing isn’t a bad deal
Need to go back comes after failures of the govt to address economic woes.
