Reducing Pakistan's National Debt

Abstract: A 7 page paper discussing steps Pakistan needs to take in order to reduce its crushing national debt. For more than 25 years, various governments have attempted to grow Pakistan's economy for the benefit of the Pakistani people. The economy grew at a rapid and sustained rate averaging 4.9 percent annually for more than 30 years, but an increasing focus on defense spending and unrealistic taxation policies combined with traditionally low domestic savings rates worked to stall the economy and place undue burden on the Pakistani people. The paper argues that Pakistan needs to decrease import and defense spending, equalize and broaden the tax base, and privatize government industry right away. Bibfliography lists 8 sources.

Filename: Pakistand.doc

Pages: 7

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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