Title: THE EXCESSIVE AND UNJUSTIFIED MARKET BORROWING IN THE BUDGET OF TRIPURA IS RACING THE STATE TOWARDS BANKRUPTCY
Authors: Dr. Bankim Debbarma
Abstract:
The shortages of revenue earning compared to the committed expenditures create deficits in the yearly budget which increases the propensity to borrow or debt financing. Improper budget and planning, negligence and ignorance for creating additional sources of revenue have come to be the major reason behind these market borrowings and loans have been considered as one of the easiest, last and final options to fulfil the requirements for the yearly budget. As a result, the market borrowing and the cost of debt are rapidly increasing, and such a financial management disorder pushing the State toward bankruptcy.
Keywords: Revenue; Deficit; Borrowings; Bankruptcy; Financial Management;
DOI: https://doi.org/10.38193/IJRCMS.2023.5608
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