Why the State’s borrowing looks less ‘alarming’, once growth, per capita income and human development are taken into account; moreover, when 75% of revenue comes from the State’s own resources, how should debates on outstanding debt factor in tax capacity and cooperative federalism?
Why the State’s borrowing looks less ‘alarming’, once growth, per capita income and human development are taken into account; moreover, when 75% of revenue comes from the State’s own resources, how should debates on outstanding debt factor in tax capacity and cooperative federalism?