The manner by which the government has chosen to finance the fiscal deficit in the given period and the economic consequences of financing of government expenditures are discussed in this paper. It documents the size of the government deficit from 1975-1984 through the presentation of a consistent series of consolidated public sector. It also analyzes the implications of the fiscal deficit on public debt, interest rate, capital formation, money creation and inflation.
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In other Publications
- Koppel, Bruce. 1990. Mercantile transformations: understanding the state, global debt and Philippine agriculture. Development and Change, 21, No. 4, 579-619 . International Institute of Social Studies.
