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The government aims to maximize concessional borrowing for external financing while minimizing commercial borrowing as a strategy to prevent the country from sinking into a debt crisis. The National Assembly, while considering the 2024 medium-term debt management strategy implored the National Treasury to spend within its budget to reduce the fiscal deficit. The treasury projects a reduction in fiscal deficit for the financial year 2024/2025.
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MPs want loans renegotiated to pre-empt debt crisis
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