4. 1. Introduction
Public borrowing plays a vital role in underdeveloped countries like Nepal. It also helps in the financing of economic development through the mobilization of resources. In Nepal, sources of revenue are inadequate and insufficient for the economic development due to low level of income and saving capacity of people. Inspite of these problem expenditure of the government is going on rapidly in order to achieve rapid economic development, mobilize unutilized resources. Government receive revenue through internal sources is not enough in maximization of resources available to the government. Since internal borrowing is very low because of poor tax payable capacity of external borrowing remains alternative sources for development economics.
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Master thesis of Economics and Finance of Aging
7. Khalikova G.R. Economic essence and meaning of investments on macro- and micro level: the author's abstract of candidate's thesis of Economics: 08.00.05. Yekaterinburg, 2009. 23 p.