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This calls for a long term and well structured fiscal policy to ensure that the private sector is not affected by the governments’ heavy borrowing. In conclusion, the private sector contributes immensely to the universal economic growth of a nation. hence, it needs protection from the governmental policies. This follows that, long-term fiscal policies for sustainable economic growth and development is a sure way of ensuring steady growth of the private investors. Bibliography Razin, Assaf, and Jacob A. Frenkel. 2006.