Page 28 - Banking Finance August 2023

ARTICLE

There are two types of debts i.e. Internal & external debt. The government finance was largely protected by currency
risk as overall external debt stood at 2.7% of GDP in FY 2019.

(Source: Stataus Paper on Government Debt for 2018-19 published in April 2020)

28 | 2023 | AUGUST | BANKING FINANCE