{"id":23,"date":"2026-06-18T09:00:00","date_gmt":"2026-06-18T09:00:00","guid":{"rendered":"https:\/\/panaminstitute.com\/index.php\/insights\/stabilising-the-taka-begins-with-the-budget\/"},"modified":"2026-06-18T09:00:00","modified_gmt":"2026-06-18T09:00:00","slug":"stabilising-the-taka-begins-with-the-budget","status":"publish","type":"insight","link":"https:\/\/panaminstitute.com\/index.php\/insights\/stabilising-the-taka-begins-with-the-budget\/","title":{"rendered":"Stabilising the taka begins with the budget"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Demonstration content shipped with the theme \u2014 replace with the Institute&#8217;s first published brief.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The argument it would carry: exchange-rate pressure is a fiscal symptom before it is a monetary one, and the sequencing of consolidation determines whether stabilisation holds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why fiscal consolidation, not intervention, anchors the exchange rate.<\/p>\n","protected":false},"featured_media":0,"template":"","policy_area":[2],"class_list":["post-23","insight","type-insight","status-publish","hentry","policy_area-macro-economic-stability-governance"],"_links":{"self":[{"href":"https:\/\/panaminstitute.com\/index.php\/wp-json\/wp\/v2\/insight\/23","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/panaminstitute.com\/index.php\/wp-json\/wp\/v2\/insight"}],"about":[{"href":"https:\/\/panaminstitute.com\/index.php\/wp-json\/wp\/v2\/types\/insight"}],"wp:attachment":[{"href":"https:\/\/panaminstitute.com\/index.php\/wp-json\/wp\/v2\/media?parent=23"}],"wp:term":[{"taxonomy":"policy_area","embeddable":true,"href":"https:\/\/panaminstitute.com\/index.php\/wp-json\/wp\/v2\/policy_area?post=23"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}