Interest payments are significant component of expenditure, and are a part of the obligatory category of expenditures of the government. A substantial share of the tax collections of the government of India is taken away by interest costs. In 2014-15, interest payments were 3.3 per cent of the...

In the aftermath of recent global crisis, the issue of separation of monetary policy, fiscal policy and debt management has re-emerged. In many countries, during the period of crisis, scope of fiscal policy was expanded and debt to GDP ratios increased significantly. Consequently, debt...

Chapter 1. Introduction -- Chapter 2. Public Debt Management: Reflections on Strategy & Structure -- Chapter 3. Cash Management System -- Chapter 4. Debt Management by Central Government -- Chapter 5. Financial Regulation and Public Debt Management -- Chapter 6. Cash and Debt Management in --...