Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63352
Authors: 
Dutta, Indranil
Year of Publication: 
2007
Series/Report no.: 
Research Paper, UNU-WIDER, United Nations University (UNU) 2007/14
Abstract: 
In this paper we explore what impact, if any, government debts have on achieving the Millennium Development Goals for the Indian states. To fulfill the goals, national governments, especially in the developing world, have to undertake major investments in the social sector; but how much they will really be able to do so will depend on the conditions of their finances. For the Indian states we find that government investment in the social sector is extremely important to reduce poverty, but the government's debt burden is actually stopping several states from attaining the MDG targets. Although, in the medium term the impact of the debt on poverty is not very harmful, in the longer run it has a significant negative impact. Therefore for policy purposes reduction in debt should be given a priority.
Subjects: 
debt
Millennium Development Goals
poverty
JEL: 
I32
O10
O23
ISBN: 
929190953X=978-92-9190-953-7
Document Type: 
Working Paper

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