Budget deficit financing: Country turns again to IMF after a decade

[PadmaBridge]

I don't see anyone trolling SL here, but whatever

I meant trolling BD by bringing up SL.

Debt trap is a favourite meme of Godi media and Indian PDF trolls.

 

[Wood]

I meant trolling BD by bringing up SL.

Debt trap is a favourite meme of Godi media and Indian PDF trolls.

Animated banter (trolling) makes internet a fun place. BD folks here give as good as they get. So threads are entertaining to more dispassionate readers like me. Keep up the good work

 

[PadmaBridge]

Animated banter (trolling) makes internet a fun place. BD folks here give as good as they get. So threads are entertaining to more dispassionate readers like me. Keep up the good work

Given this is a BD thread the trolls are Indian.

We would like civilised discourse but toilet-less people make it impossible.

Pls stay away from BD thread forum.

PDF has created a forum for you hungry Indians as well.

 

[Protest_again]

Given this is a BD thread the trolls are Indian.

We would like civilised discourse but toilet-less people make it impossible.

Pls stay away from BD thread forum.

PDF has created a forum for you hungry Indians as well.

No body cares about your likings
or dislikings. Start responding on the topic and not address us personally if you can't take it.

 

[KediKesenFare3]

Why IMF? Why not borrowing from the open markets?

 

[PadmaBridge]

Why IMF? Why not borrowing from the open markets?

Interest rates!

No body cares about your likings
or dislikings. Start responding on the topic and not address us personally if you can't take it.

I want to engage with my fellow Bangladeshis not toilet-less butt-hurt Indians.

You lot constantly ruin our conversations!

Bugger off!

 

[Protest_again]

Interest rates!



I want to engage with my fellow Bangladeshis not toilet-less butt-hurt Indians.

You lot constantly ruin our conversations!

Bugger off!

Just stick to talking to them. You have nothing on your shoulders to counter us. So you better don't engage us. Now f off.

 

[Wood]

Given this is a BD thread the trolls are Indian.

We would like civilised discourse but toilet-less people make it impossible.

Pls stay away from BD thread forum.

PDF has created a forum for you hungry Indians as well.

If you have not realized it already, Indians troll BD forum only to engage and enrage people like you. You are the target audience

 

[Protest_again]

If you have not realized it already, Indians troll BD forum only to engage and enrage people like you. You are the target audience

Not like that. If we leave them alone, they make this subsection a trolling fest by bring up India and calling us nasty names. I just like to show the mirror to them.

 

[Wood]

Not like that. If we leave them alone, they make this subsection a trolling fest by bring up India and calling us nasty names. I just like to show the mirror to them.

Yea, some tend to get carried away with the anti India theme of PDF.

 

[Black Tornado]

India has given a debt of $220 bn to USA, figures from early 2021. If India has to pay back the outstanding debt back to USA then USA also has to pay to pay back debts owned by India, which is why there’s something called net foreign assets. Higher it is, better it is for you.

So India’s debt and forex situation is in much better shape than anyone else in the neighbourhood.

India’s holdings of US treasuries up 10% in Q1

India's exposure to US treasury securities rose to $220 billion in June this year from $200 million in March, according to the latest data released by the US treasury department. Investments rose despite yields on its benchmark treasury bonds rising yields.

economictimes.indiatimes.com

 

[PadmaBridge]

If you have not realized it already, Indians troll BD forum only to engage and enrage people like you. You are the target audience

Only if you guys were as dedicated to building toilets as trolling…

Ganga would not be so maily

 

[Bilal9]

Only if you guys were as dedicated to building toilets as trolling…

Ganga would not be so maily

 

[mb444]

lol. How dense are you guys? India's sovereign (public) external debt is very low at $106 billion, rest is corporate debt (serviced by corporates). This is the loan the govt will be servicing with its revenue which is quite high (22 times Bango revenue).

Bangladesh services $62 billion of public debt with its 22 times lower revenue. India is quite better off also because interest rates on India's loans are quite lower relative to Bangladesh, owing to its better credit rating.

Relevance to reserves come as debt is serviced with dollars (both govt and corporate). Higher the reserves, lower the pressure in servicing these debts. This is where exactly Srilanka and Pakistan is struggling and where Bangladesh is heading. Already external debt to reserves ratio has fallen below 50% in case of Bangladesh.

Umm no... accourding to times of india your public sector debt is $570bn. I am no expert in indian economics so going by the first article that came up.

Your debt is from international institutional lenders... its at low rate same as BD.... credit rating is not operational within these collective. Every country pays the same.

There is no relevance to reserves, no need to belive me, speak to an economist.

If you are dumb enough to give a blanket statement that India holds X amount of debt without going into nature and profile of debt, then you sure are dumb enough to accept our foreign reserves can easily cover external debt.
The foreign reserves RBI holds can theoretically be used to clear all outstanding debt within the next minute.

"India is far closer to SL than BD"
Let's check the veracity of this statement with facts-
1) Which country has stopped foreign tours of it's employees?
2) Which country has deferred "less important" projects as they may increase imports?
3) Which country recently removed source declaration requirement for remittances greater than 500k Tk?
4) Which country recently imposed additional duty on 68+ "non essential/luxury" items?
5) Which country has ~5 months imports worth foreign reserves left with their Central Bank?
6) Which country did IMF point out for artificially inflating foreign reserve figures?
7) Which country is back to IMF's door after a decade for budgetary support?
8) Which country has asked their businesses to close shops post 8pm to save power?

Proof of pudding is in the eating, so which country is closer to SL?

You are.... gave you an infographics that i did not produce... easy to check here...




https://www.visualcapitalist.com/global-debt-to-gdp-ratio/

 

[mb444]

Why IMF? Why not borrowing from the open markets?

Cheaper...much much cheaper...