US
Major increase of Rs1.2tr in public debt came from 44% rupee depreciation
Unless structural reforms are undertaken, the debt cycle will perpetuate
Watered down version of public debt management risk report released
Addition to budget deficit is twice what was reported in first quarter
Fears publication may expose worsening debt indicators
Economic growth has not matched debt growth, but gap has narrowed
Says the government move would understate the debt by over Rs3 trillion
Borrowing spree indicates overall deficit to be more than revised target
Change in definition will wipe Rs2 trillion off government’s books
Country pays Rs1.41tr in debt servicing in Jul-Mar FY17 against annual budgeted estimate of Rs1.95tr