Macroeconomic stability and public debt
An appraisal of the government’s strategy to achieve macroeconomic stability by leaning on the International Monetary Fund (IMF), for credit inflow reflected in its new bid, for which a formal…
Debt ceiling: White House bets Republicans will blink under pressure
The White House is refusing to negotiate with hardline Republicans on raising the debt ceiling because it believes enough of them will eventually back off their demands, as a growing…
After free-spending Trump years, Republicans rediscover US debt
US President Joe Biden’s $1.9 trillion plan to revive the US economy has been met with howls from the Republican opposition in Washington, with conservative lawmakers saying it is full…
Transforming maturity profile of domestic debt
Inflation is falling rapidly, nearing a four-year low, with FY25 (July 2024–June 2025) average inflation expected to fall within the SBP’s medium-term target of 5-7 percent. The tight monetary and…
Climate debt trap
HEAVY and rising debt has emerged as one of the toughest hurdles for developing nations to address climate change, alleviate poverty, and seek economic development. The total external debt of…
Concessions, debt & reforms
THE FBR had been publishing its Tax Expenditure Report since 2020. Each report estimates the ‘tax expenditure’, ie, the tax foregone or the revenue loss because of the built-in tax concessions and…
Debt, climate, inflation
DEBT, climate, and inflation have in recent years become important planks of the spring meetings hosted by the World Bank and IMF. The agenda for this year’s meetings, which concluded last week,…
Debt woes
THE G20 summit held recently in Bengaluru, India ended in controversy. ‘Burdened’ by the travails of a world in conflict and economic collapse, the Group of Twenty failed to develop…
Modi’s populism after India election reversal puts public finances at risk
After reverses in the general election and facing possible losses in state polls this year, Indian Prime Minister Narendra Modi’s coalition has stepped up cash handouts, debt waivers and other…
On debt row
ON its present course, the country is set to run out of foreign exchange reserves latest by December of this year. The small surpluses registering on the current account in…
