2022 Budget: IEA proposes debt engineering, borrowing ceiling to curtail rising public debt
The Institute of Economic Affairs (IEA) has proposed restructuring the nation’s external public debt, as well as introducing borrowing or debt-ceilings in the annual Appropriations bill, among other measures, to arrest the nation’s ever-increasing debt stock which has long breached the prudent 70 percent debt-to-GDP threshold for a lower-middle-income country.
The Institute of Economic Affairs (IEA) has proposed restructuring the nation’s external public debt, as well as introducing borrowing or debt-ceilings in the annual Appropriations bill, among other measures, to arrest the nation’s ever-increasing debt stock which has long breached the prudent 70 percent debt-to-GDP threshold for a lower-middle-income country.
