Empirical studies indicate that the best way to achieve higher rates of economic growth is to raise investment and to improve the quality of institutions. An increase in investment ratio by 5-6 percentage points over the next 5 years and improving the quality of institutions could result in the postulated increase in the per capita growth. What are the prospects for raising investment?
The successful implementation of Debt Management Strategy in the last five years has not only brought the debt burden down to sustainable levels in the future, but also reduced interest payment out of the budget significantly. The public sector investment programme that was constrained due to these high interest payments is now expanding.