What factors should a government take care of so that the economy does not fall into a debt trap?
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Government must increase the tax resources and generate revenue so that it does not have to borrow from international organisations.
Relief packages and rescue strategies to recover sick companies and improve their financial health.
Reduction in welfare expenditure in order to cut down fiscal deficit burden.
Encouraging domestic and foreign private investment to mobilise capital within the economy.
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The government take special care and provide best ideas for the people to get out from the economy does not fall into a debt trap which is more comfortable for the using such the method and deliver the better choice for the user.
Hope the student can get better ideas on it.
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