The ministry of Finance recently released a comprehensive paper on Govt. debt. Which of the following is/are true about the same?
1) The paper presents the road map for general debt to be raised by the Govt. of India during the period of 2011-2015 which is the period of the award of the 13th Finance Commission
2) As per the estimates the target debt in the terminal year 2014-15 will be lower than whatever recommended by the 13th Finance Commission
3) The paper has recommended that the Govt. should try to generate resources in such a way that It does not have to depend much on debt. The total debt should not be more the 1/3 rd of the total requirements.
View solution