A ship’s captain checks for traffic on the bridge in San Pedro, U.S. (Photographer: Tim Rue/Bloomberg)
When the government presents the final budget of its term on Friday, economists will not only be watching planned market borrowings by the central government but also those likely to be undertaken by central public sector enterprises.Over the past five years, the burden of capital expenditure, which supports economic growth, has slowly been passed onto the balancesheets of states and public sector firms. This means that while the cen...