ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Budget Deficit of the Central Government

K S Gill The concept of the budget deficit which in effect identifies it as the capital deficit of the public sector as a whole at the particular level of government is very much a loaded concept The underlying assumption is that the private corporate sector is the only legitimate claimant to the surplus saving of the household sector and the net borrowing from abroad. This paper outlines an alternative view of the budget deficit together with an alternative approach to reducing it.

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