Tax-to-GDP ratio falling since FY12 - New Age BD
Why now
Thesis: Fiscal erosion pressures sovereign creditworthiness
Catalyst to watch: Budget announcements or IMF reviews
Main risk: Data may be revised or misread
Why it matters
A falling tax-to-GDP ratio constrains fiscal capacity, a credit-negative signal for the country.
Related assets & topics
Emerging MarketsSources
- googlenews · news.google.com · 2026-09-23 17:42 UTC