Gov’t stringency leads to external debt contraction in succession

The state owned enterprises (SOEs) external debt contracts for the second consecutive year following the government firmness on non-concessional loans. For the 2020/21 fiscal year, the net external debt resource flows were recorded as negative. Compared to the preceding five years, the total amount of disbursement from external sources was much lower. The past fiscal year, Public Sector Debt Statistical Bulletin that was published by Debt Management Directorate, Ministry of Finance (MoF) indicated that the external debt stock for SOEs that include enterprises, which access finance without government guarantee has dropped to USD 10.05 billion…