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Central authorities debt is estimated at about 62 % of GDP for this fiscal and it’s able to repaying its liabilities, Minister of State for Finance Pankaj Chaudhary knowledgeable Parliament on Tuesday.
“Rising the buoyancy of tax income by means of improved compliance, mobilisation of assets by means of monetisation of belongings, bettering effectivity and effectiveness of public expenditure and so on are the necessary measures initiated by Authorities to manage the fiscal deficit and the debt burden,” he stated in a written reply within the Rajya Sabha.
Authorities debt is held predominantly in home foreign money, he stated, including, “Authorities is succesful to repay its debt.”
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