This paper has mathematically analysed the domestic fiscal deficit and debt. It has been found that unless necessary measures are taken the primary budget deficit in absolute terms is likely to increase annually at about 18 percent. To meet the resource gap requirements given rise by such an...

While many studies have looked into the determinants of yields on externally issued sovereign bonds of emerging economies, analysis of domestically issued bonds has hitherto been limited, despite their growing relevance. This paper finds that the extent to which fiscal variables affect domestic...