According to the economic research firm of the University of Ghana, though smaller deficits and lower debt reduce pressure on government financing and create conditions for greater macroeconomic stability, fiscal adjustment achieved through sharp reductions in capital spending may constrain infrastructure development and future growth.
According to the economic research firm of the University of Ghana, though smaller deficits and lower debt reduce pressure on government financing and create conditions for greater macroeconomic stability, fiscal adjustment achieved through sharp reductions in capital spending may constrain infrastructure development and future growth.
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Source: MyJoyOnline
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