Richard Hell And Daniel Partsch On Rethinking Quality In The Digital Age

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Because of pressures on expenditure as a result of mounting debt service obligations, elevated protection allocations and insufficient revenue raising efforts, there was a steep rise in domestic debt. The excessive interest funds on domestic debt resulted in partly ‘crowding out’ non-public investment. In the Sixth Plan period, the federal government started borrowing not only to cover its development price range, but additionally its present expenditures. This fiscal position could not be sustained for long.