01191nam a22001457a 4500999001900000008004100019100002400060245006300084260003400147300003300181520068200214773003400896942000700930952010800937  c533222d533222260430b           ||||| |||| 00| 0 eng d  aDas, Surajit960339  a Union Budget 2026–27: A Note on Public Finance in India  aEconomic & Political Weekly    a61(14), Apr 4, 2026: p.57-61  aThe interest payment component on past debt of the government as a proportion of gross domestic product is extremely high in India. This is primarily because of the very high effective interest rate on government borrowings. This can be reduced by changing the composition of the ownership of the government securities in the country. This is important for ensuring larger fiscal space for enhancing public spending on the social sector and capital expenditures. Developmental expenditures may be prioritised over ensuring an assured return of 7% to the domestic capital market in India.-Reproduced 

https://www.epw.in/journal/2026/14/budget-2026-27/union-budget-2026-27.html
  aEconomic & Political Weekly    cAR  00102ddc40709408392aIIPAbIIPAd2026-04-30h61(14), Apr 4, 2026: p.57-61pAR138733r2026-04-30yAR