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NORTHAMPTON:Public debt issuance is a tool of economic policy. Borrowing can help countries deal with countercyclical shocks to the economy and finance exceptionally large expenditures, including the ones requiring huge capital outlays such as those on infrastructure.Countries have also used deb
new balance schuhe t as a stimulus to deal with recessionary episodes, especially in the aftermath of a crisis. However, all this often leads to a huge increase in the debt-to-GDP ratio. China is a good case in point.The Chinese government embarked on a massive public investment and infrastructure programme, spending more than 6% of GDP in discretionary stimulus measures. This ultimately resulted in an increase of 15 percentage points in the public debt-to-GDP ratio from 29% of GDP to 44% of GDP.Pakistan has also had a history of borrowing either to resolve its budgetary or balance of payments issues. The latter has been the pivotal reason behind the country s recent recourse to
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nike air force one donna ional Monetary Fund (IM Cjzf We are not taking any risks Ehsan Mani on England tour
REUTERS:With no phones and internet for 10 days, people are using their feet, cars and planes to move essential supplies into Indian Occupied Kashmir (IOK) as it deals with a communications blackout on a scale rarely seen in today's world.India revoked the special status of IOK on August 5 and moved to quell widespread unrest by shutting down communications and clamping down on freedom of movement. Most of us have not spoken to our relatives there in 10 days, said Faiq Faizan in Delhi, adding that people in occupied Kashmir are trekking and waiting for hours to make calls from a few ph
air jordan4 one lines in government offices and police stations. My grandmother, who is over 70 years old, was finally able to call a
adidas spezial pink relative to say she was OK... We are sending messages, food and medicines through people who are going there, like in the old days. Kashmiri bus
new balance damen inessman and former journalist Syed Nazakat posted photographs of smashed windows in Srinagar on Twitter on Wednesday, as he flew back from a
