The federal government accumulated about Rs1.5 trillion worth of fresh domestic debt in the first eight months of this fiscal year. The stock of debt swelled from Rs23.28tr in June 2020 to Rs24.78tr in February. Whenever the government adopts an expansionary fiscal policy — meaning it spends more than its revenue collection to boost the economy and create jobs — …
Read More »Government, SBP coordination is a must
April 12, 2021