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Fiscal Policy Framework without a Debt Ceiling
Summary by Kringvarp Føroya
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1 Articles
The Faroe Islands shall, as a rule, have a maximum limit on the total public debt as a percentage of GDP. Ruth Vang, Minister of State for Finance, agrees with the Chairman of the Icelandic Economic Council, Johnny í Grótinum, who in a consultation letter on a proposal for a fiscal policy regulation requests a provision on a maximum for how large the total public debt can be. The proposal for a fiscal policy regulation will be submitted to the I…
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