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    <title>Rise in the per capita debt</title>
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    <description>Per capita government debt rose between March 31, 2015 and March 31, 2016, mainly due to increased Government borrowings and a rise in internal debt; interest payments and principal repayments are ongoing charged expenditures. The Government follows a fiscal consolidation path under the FRBM Act and implements the MTDS and active debt management, including buy-backs to lengthen maturities and mitigate redemption pressure; demonetization is not linked to per capita debt reduction.</description>
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