By Mohamed Ayyad
The Ministry of Finance has put a strategy Thurday to manage public debt over the next three years. The strategy was published on the ministry’s website to apply transparency to the public, according to Minister of Finance Hany Kadry Dimian.
The new public debt management strategy for 2015 targets to meet financial needs to cover the State Treasury deficit for a relatively low cost in accordance with the degree of risk on the medium term. It also targets to support the development of the government’s securities market from FY 2015/2016 until FY 2017/2018.
The strategy also reflects the Ministry’s plan for the next three years to realise stability required between factors of cost and risk of the public debt government portfolio.
The strategy is annually revised after approving the state public budget and will be prepared according to international standards put by International Monetary Fund and the World Bank.
