world. 2. Your local newspaper has a story in its business section that reports that government spending will again exceed tax revenues. This means that the: A. national debt will increase. B. balance of payments will experience yet another deficit. C. rate of inflation is likely to fall. D. monetary policies pursued by the Fed have been too loose. 3. When corruption is present in the business environment of a country: A. leaders can threaten competitors and minimize competition. B
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reform programames should be encouraged. Key w ords: Budget deficit‚ debt profit‚ domestic de bt‚ econom ic growth a nd pub lic expenditure INTRODUCTION The beginning of the existing market for government borrowing in Nigeria is the financial reforms introduced by the colonial government in 1958. These reforms saw to the creation of the Cen tral Bank of Nigeria (CBN) and the creation of Marketable Public Securities to finance fiscal deficit. According to paragraph 35 of the Central Bank of Nigeria
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an increasing national debt‚ America isn’t the same dominant superpower that it could potentially be with a budget surplus and a prospering economy. History shows us that America is usually vulnerable to budget deficits after the end of a major war. For example‚ the sizable budget deficit after World War I inclined
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physical access to services and the quality of services provided is leading to a citizen satisfaction gap. Some observers attribute India’s governance problems to its democracy. Goldman Sachs thinks it is the malpractice of democracy—or the ‘democracy deficit’—that is the cause of the problem. A well-functioning democracy should allow citizens to have more voice in evaluating the quality of services they receive‚ for governments and service providers to be accountable‚ and for citizens to pay directly
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9.1 Overview of procedure The procedure followed by Government of India for disinvestment seeks to promote administrative simplicity and speed of decision-making without compromising on transparency and fair play. The process is as follows: · Proposals for disinvestments in any PSU‚ based on the recommendations of the Disinvestment Commission or in accordance with the declared Disinvestment Policy of the Government‚ are placed for consideration of the Cabinet Committee on Disinvestment
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months. These views of experts cannot be wished away since weak health of the economy is being mirrored by withering economic indicators‚ such as low Gross Domestic Product (GDP) due to very low annual growth rate of our economy (2%)‚ rising fiscal deficit (5.8% of total size of economy)‚ inflation (15%)‚ lowest tax to GDP ratio in the world (9%)‚ rise in foreign debts and government’s internal borrowings from the State Bank‚ rupee losing its value against dollar consistently‚ government’s failure in
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reforms were implemented during the 1980s. Relaxation of controls over capacity utilization‚ imports of capital goods and spare parts‚ Efficiency gains‚ liberalization of the trucking industry. By the end of the decade‚ the central government fiscal deficit increased rapidly‚ to 8.5 percent of GDP at its peak in 1986-87‚ a level never reached since and the debt to GDP ratio reached levels from which it has not yet recovered. Indian Reforms‚ 1991-2001 A new Government came to power on June 21
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PIIGS) and Belgium. This led to a crisis of confidence as well as the widening of bond yield spreads and risk insurance on credit default swaps between these countries and other EU members‚ most importantly Germany. Concern about rising government deficits and debt levels across the globe together with a wave of downgrading of European government debt has created alarm in financial markets. The debt crisis has been mostly centered on recent events in Greece‚ where there is concern about the rising
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The struggle with prior knowledge Deficit Prior knowledge comes from visual experiences‚ seeing those mental pictures of a subject. Prior knowledge comes before understanding what readers read‚ or understanding the subject. A deficit in prior knowledge inhibits student learning by taking away their educational experiences and replacing them with standardized testing. To begin with‚ prior knowledge plays an important role in enabling students to learn to read‚ and to read to learn. First‚ learning
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fashioned give and take‚ is at the heart of Congress today. The Collective Action Principle could not be seen any clearer than in the debt ceiling debate in Congress that led to the forming of the ‘Super Committee’ designed to bring the national deficit down. This past summer‚ the country was facing what many households have been facing for some time now‚ hitting the debt ceiling. This would have meant that the country was no longer able to pay its bills and would take a serious hit on its credit
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