Government intention to execute a debt reprofiling and buyback programme is strategically sound – Deloitte

It further strongly advised the government, as it plans to return to the bonds market, to ensure that borrowed funds are ringfenced for financing self-paying projects to reduce the burden placed on domestic revenue due to interest and principal repayment commitments on borrowings. “This will serve to improve fiscal discipline and maintain prudent fiscal balance”.

Source: www.myjoyonline.com

Read full article