Fiscal Policy in Pakistan Since 1970, Issues 92-97 |
Contents
Debt and Fiscal Policy | 8 |
Fiscal Deficit Reduction Strategies | 16 |
Appendix A The Equations of the HaqueMontiel Model | 23 |
Copyright | |
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Common terms and phrases
availability of external average base money baseline commercial banks debt servicing deficit to GDP depress private developing countries domestic debt domestic interest rate domestic nonbank borrowing economy eighties external current account external debt external financing federal and provincial fiscal adjustment fiscal deficit reduction fiscal policy foreign debt government consumption government debt government investment Haque and Montiel higher indirect taxes inflation tax inflationary interest payments INTERNATIONAL MONETARY FUND lower public capital macroeconomic performance marginal cost output overall fiscal deficit Pakistan has experienced Pakistan's fiscal percent of GNP period policy in Pakistan private capital stock private disposable income private investment private sector provincial governments public capital stock public consumption public investment public sector securities rate of depreciation rate of growth rate of inflation ratio to GNP real interest rate reduced result scenarios seignorage spending supply shock tax revenues taxation trade balance variables willingly held Zulfiqar Ali Bhutto