Implications of Public External Debt for Social Spending: A Case Study of Selected Asian Developing Countries

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Sadia Shabbir; Hafiz M. Yasin;
  • Journal: Lahore Journal of Economics, volume 20, issue 1 Jan-June, pages 71-103
  • Subject: Public debt outstanding, debt servicing, fiscal deficit, current account deficit, social sector development.
    • jel: jel:H69

For developing countries with budgetary and balance-of-payments gaps to meet, maintaining large stakes of external debt is not free of cost. Highly indebted countries have to set aside a sizeable fraction of their scarce resources to service their debt, which naturally ... View more
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