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Pakistonomy - Episode 158 - On Deficits and Debt
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Manage episode 365571910 series 2623982
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In this episode, we dive deep into fiscal deficits in Pakistan and how they wreak economic havoc. In addition, we talk about the linkages between the fiscal deficit, higher interest rates, and external sector vulnerabilities. Dr. Derek H. C. Chen joined the World Bank in 2000 where he has held a number of positions. Currently, he is the Senior Economist for Pakistan, based at the World Bank office in Islamabad. He oversees the macroeconomics and fiscal programs and leads the production of various economic reports at the Islamabad office, including the most recent Pakistan Federal Public Expenditure Review 2023. You can read the Pakistan Federal Public Expenditure Review (PER) 2023 here - https://documents.worldbank.org/en/publication/documents-reports/documentdetail/099041223153536828#/P17507702d44490bd0bb660b4b60037e930 Chapters: 0:00 Introduction 1:30 Why are deficits so high? 8:50 Impact of these deficits 16:40 Links between economic instability and deficits 22:40 Government spending issues 26:10 Subsidies for the rich 32:20 Recommendations to solve this
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225 episodes
MP3•Episode home
Manage episode 365571910 series 2623982
Content provided by Tabadlab. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tabadlab or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this episode, we dive deep into fiscal deficits in Pakistan and how they wreak economic havoc. In addition, we talk about the linkages between the fiscal deficit, higher interest rates, and external sector vulnerabilities. Dr. Derek H. C. Chen joined the World Bank in 2000 where he has held a number of positions. Currently, he is the Senior Economist for Pakistan, based at the World Bank office in Islamabad. He oversees the macroeconomics and fiscal programs and leads the production of various economic reports at the Islamabad office, including the most recent Pakistan Federal Public Expenditure Review 2023. You can read the Pakistan Federal Public Expenditure Review (PER) 2023 here - https://documents.worldbank.org/en/publication/documents-reports/documentdetail/099041223153536828#/P17507702d44490bd0bb660b4b60037e930 Chapters: 0:00 Introduction 1:30 Why are deficits so high? 8:50 Impact of these deficits 16:40 Links between economic instability and deficits 22:40 Government spending issues 26:10 Subsidies for the rich 32:20 Recommendations to solve this
…
continue reading
225 episodes
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