. First of all, subnational government deficit figures are scrutinised and one of the questions asked is the extent to which … the financial crisis affected deficit figures. In the next section, the change in government debt is examined as a … comparison with the deficit figures could provide further information on the financing of subnational government deficits. The …

budget deficit. Although the government has addressed this issue through a burden-sharing scheme with the Central Bank, the … household budget analogy by arguing that fiscal deficit is not evidence of overspending. Also, it is argued that the burden … deficit will boost the economy, restore household consumption, and increase private revenue. In this context, the role of the …

Purpose This study aims to examine the impact of fiscal deficit, exchange rate and trade openness on current account … deficit (CAD). The study tried to empirically investigate the 'twin deficits hypothesis' and 'compensation hypothesis' in the … dependent variables, i.e. CAD and independent variables such as the fiscal deficit, exchange rate and trade openness. Findings …