EXPENDITURE CUTBACKS

IIPM-PRESS CENTRE RELEASE

It underwent a series of expenditure cutbacks on public services like health, education and infrastructure. Consequently, deprivation got manifested through higher levels of illiteracy, infant mortality and incidences of AIDS. Today debt servicing forms a large part of government expenditure but its root can be traced back to ‘conditionality’ driven bilateral loans.

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Source-IIPM,2006