Fiscal deficits: Implications of public borrowing

Bangladesh's present fiscal deficit may seem rather innocuous, as the economy has faced perennial and persistent fiscal deficits since independence. Historically, the country has experienced large fiscal deficits, with the growth in expenditures outpacing revenues. On the one hand, this has emanated from inadequate revenue generation due to the presence...

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Loosening the 'carbon triangle'

Remember the cliché: 'What's good for General Motors (GM) is good for the United States'? That down-to-earth observation about the company and country at one time no longer holds. Since 1955, GM was the top Fortune 500 company 37 times (in consecutive years, from 1955 to the oil-price quadrupling from...

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Leaving us with egg on our faces

Facts are facts but some are less palatable than others. And so while there may be a quiet sense of mirthless satisfaction that over Tk. 37 million (3.70 crore) has been realised as fines from over a one hundred thousand vehicles for a variety of paper anomalies, it actually leaves...

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