The fiscal strategy to reduce debt is unlikely to be achieved due to a lack of implementation of planned measures this year, the Ministry of Finance has said.
The 2025 budget book outlines a target to reduce direct debt to 95 percent of GDP by 2026.
Direct debt reduction target unlikely to be met: Finance Ministry
The 2025 budget book outlines a target to reduce direct debt to 95 percent of GDP by 2026. However, the ministry said that delays in fiscal reforms, a widening deficit, and increased borrowing requirements mean this goal will be unlikely to be achieved.
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Budget book
Malika Shahid
2024-11-20 11:02:56
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