PAC laments lack of debt management policy

Thursday, April 17, 2014

The Money for Value Audit report of the 2013 Public Accounts Committee (PAC) has highlighted the need for a debt management policy to be put in place as the economy has in the last five years experienced rising debt and budget deficits.

For th resulted in debt management being viewed as a simple operation, which did not require high level planning, thhe past four decades, the country has been enjoying comfortable budget surpluses and low levels of debt, whice report states.

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