India's market borrowing program has seen a stable and orderly evolution in recent years, with net borrowings remaining under control despite the country's growing economic needs.
According to experts, regulatory crackdowns on education, internet, and property sectors are the major reasons behind the spike in the unemployment rate.
The gross debt of Sri Lanka's central bank was roughly 4.66 per cent of the GDP. Moreover, the central bank used special drawing privileges that required interest payments.
Beijing [China], May 19 (ANI): Due to growing local government debt, China has ordered a halt to work on two high-speed rail projects with a total investment of 130 billion yuan (USD 20 billion) in Shandong and Shaanxi provinces.
New Delhi [India], Feb 1 (ANI): Finance Minister Nirmala Sitharaman on Saturday said that the government's debt has reduced to 48.9 per cent from 52.2 per cent, while presenting the Union Budget in the Lok Sabha.