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Article: Indian Expert Panel for Curbs on Govt Expenditure
- Article from:
- Xinhua News Agency
- Article date:
- December 16, 1998
CopyrightCopyright 1998 Xinhua English Newswire. Provided by ProQuest LLC. (Hide copyright information)
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An Indian expert panel on trade and industry in its report
submitted to Prime Minister Atal Behari Vajpayee recently suggested
strict control on the government expenditure and borrowing from
financial institutions, a government official said here Wednesday.
The recommendation to cap government finance assumes significance
in the wake of predictions by economists that interest rates would
jump in the markets, making borrowing expensive if the government
had
a heavy borrowing program.
As it is estimated in the budget, the government borrowing would
be pegged at 790 ...