Transition from religious service to development
The government has succeeded in improving public debt management, especially in curbing the rising costs of debt service, through restructuring obligations and enhancing debt portfolio management. This strengthens fiscal sustainability and allows resources to be directed toward important developmental projects such as infrastructure, education, and health. This step marks a shift in the philosophy of public financial management, making debt management more efficient in reducing costs and renewing funding sources. Consequently, this expands financial space and boosts confidence in the economy, which helps lower financing costs for the private sector and promotes long-term economic growth.
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