https://www.taxtmi.com/news?id=27099 General Government Debt is primarily composed of central and state borrowings and is overwhelmingly rupee denominated, with domestically issued medium to long term bonds implying low rollover risk and limited exchange rate exposure. The IMF Article IV presents an extreme hypothetical shock that could raise the debt to GDP ratio, but that is a worst case scenario; under favourable assumptions the ratio may decline, while domestic fiscal consolidation targets and state Fiscal Responsibility Legislation support a medium term downward debt trajectory. en-us Sat, 23 Dec 2023 09:34:49 +0530 Sat, 23 Dec 2023 09:34:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27099 General Government Debt is primarily composed of central and state borrowings and is overwhelmingly rupee denominated, with domestically issued medium to long term bonds implying low rollover risk and limited exchange rate exposure. The IMF Article IV presents an extreme hypothetical shock that could raise the debt to GDP ratio, but that is a worst case scenario; under favourable assumptions the ratio may decline, while domestic fiscal consolidation targets and state Fiscal Responsibility Legislation support a medium term downward debt trajectory. News - Sat, 23 Dec 2023 09:34:49 +0530 https://www.taxtmi.com/news?id=27099