What is the formula of real effective exchange rate? Ishaq Dar asks anchor

[Wood]

Loooool. Pakistan cannot print money for external debt servicing even if it's part of budget.

Printing money is a monetary tool, not fiscal.

 

[Wood]

6%?
Kya fookte ho bhai?

India's fiscal deficit pegged slightly higher at 6.9% in FY22

"While setting the fiscal deficit level in 2022-23, I am conscious of the need to nurture growth, through public investment, to become stronger and sustainable," Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2022-23 in Parliament, said on Tuesday.

economictimes.indiatimes.com

I meant fiscal deficit

 

[Wood]

Fiscal deficit ≠ Current Account Deficit

Yes, not sure why I typed that. I meant fiscal. Our discussion was in context of fiscal anyway

 

[Norwegian]

Printing money is a monetary tool, not fiscal.

Loooool. State bank prints money that causes massive budget deficit

Financing of Budget Deficit through Printing Money

Let us make in-depth study of the financing of budget deficit through printing money. Resource Mobilisation through Money Financing of Budget Deficit: The government can mobilize resources for economic growth by financing its budget deficit through printing high powered money. This is therefore...

www.economicsdiscussion.net

India's fiscal deficit pegged slightly higher at 6.9% in FY22

"While setting the fiscal deficit level in 2022-23, I am conscious of the need to nurture growth, through public investment, to become stronger and sustainable," Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2022-23 in Parliament, said on Tuesday.

economictimes.indiatimes.com

I meant fiscal deficit

India has high exports and thus enough foreign exchange reserves. It can thus easily service its external debt without IMF aid

 

[Wood]

Loooool. State bank prints money that causes massive budget deficit

Financing of Budget Deficit through Printing Money

Let us make in-depth study of the financing of budget deficit through printing money. Resource Mobilisation through Money Financing of Budget Deficit: The government can mobilize resources for economic growth by financing its budget deficit through printing high powered money. This is therefore...

www.economicsdiscussion.net

Yes, I understand this. But fiscal deficit precedes money printing. This is why I said fiscal discipline.

I think we are involved in pointless back and forth. So I'll give this a rest

India has high exports and thus enough foreign exchange reserves. It can thus easily service its external debt without IMF aid

India has trade deficit as well. India has been able to attract more FDI. I think this helps India make up the difference.

 

[Norwegian]

Yes, I understand this. But fiscal deficit precedes money printing. This is why I said fiscal discipline.

I think we are involved in pointless back and forth. So I'll give this a rest


India has trade deficit as well. India has been able to attract more FDI. I think this helps India make up the difference.

India and Bangladesh problems are nowhere near Pakistan