Valuable inputs from Smita Sharma and Soumasree Tiwari, and editorial assistance from Vineet Kumar Srivastava are gratefully acknowledged. 1  1  interactions. Our next seminar will be on the SAARCFINANCE database, which will be hosted by the Maldives Monetary Authority.
The current deficit level is, in our assessment, too high to allow for further increase, due to the short-term marcoeconomic risks it entails. In addition, deficit financing creates risks to the quality of project selection and of a loss of control over costs.