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  1. Fiscal policy: Cause of fiscal deficit and role of bond market

    Fiscal policy: Cause of fiscal deficit and role of bond market

    Market institution check and balance made the fiscal policy better. Political instability and budgetary institution effect fiscal policy. Bond market provides the information to governance body how to develop better fiscal policy. Pakistan is facing fiscal deficit due to less revenue generation, tax evasion, parallel economy, over expenditure, and poor fiscal policy. Pakistan should develop the better fiscal discipline,
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