The Ministry of Finance released the Debt Strategy Report for the medium term from 2023 to 2026.
According to the debt strategy report of the Ministry of Finance, the GDP growth has been set at 5.5% till 2026, the target of debt reduction till 2026 has also been set.
According to the report of the Ministry of Finance, the target is to control the inflation rate at the level of 6.5 percent by the fiscal year 2026.
Targets have been set to limit the inflation rate to 7.5 percent in the fiscal year 2025, to limit the GDP growth to 5.0 percent in the next fiscal year, and to limit the fiscal deficit to 5.1 percent by the next fiscal year.
5.7 trillion rupees debt payments will have to be made in the current fiscal year, while 5.5 trillion rupees debt payments will have to be made in the fiscal year 2025.
During the financial years 2026 and 2027, the burden of debt repayments will be reduced, the issue of bonds to obtain debt and borrowing on a long-term policy will be preferred.
Loans will be obtained at floating rates as compared to fixed interest rates, foreign loans can be taken up to 40% of the country’s total debt.
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