Public Debt Management and Debt Sustainability in Bangladesh

Md. Ezazul Islam and Bishnu Pada Biswas
Additional contact information
Md. Ezazul Islam: Research Economist, Policy Analysis , Bangladesh Bank
Bishnu Pada Biswas: Joint Director, Research Department, Bangladesh Bank

Bangladesh Development Studies, 2005, vol. 31, issue 1-2, 79-102

Abstract: The issue of public debt and debt sustainability has long been a concern for policy makers of both fiscal and monetary authority in Bangladesh. High public debt stems from persistent fiscal deficit and has a significant negative effect on economic activity. It leads to high taxes and puts upward pressure on real interest rates, which may crowd out private investment. When a government is no longer able to finance its deficit, it is forced to cut spending or raise revenues, often at times when fiscal policy is needed to help stabilise

Keywords: Public debt; Domestic debt; Debt financing; Federal budget deficit; Sustainable economies (search for similar items in EconPapers)
JEL-codes: A10 (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (6)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:badest:0467

Access Statistics for this article

Bangladesh Development Studies is currently edited by Dr. Binayak Sen

More articles in Bangladesh Development Studies from Bangladesh Institute of Development Studies (BIDS) E-17, Agargaon, Sher-E-Bangla Nagar, Dhaka 1207. Contact information at EDIRC.
Bibliographic data for series maintained by Meftaur Rahman, Cheif Publication Officer, BIDS ().