Mid-Year Budget: Government’s narrative more persuasive on stabilisation than transformation – PwC

It also stated that debt dynamics have improved meaningfully, stressing that the fall in debt ratios is owed partly to restructuring, exchange-rate effects and nominal GDP growth.

It concluded that the five months of import cover in June 2026 is comfortably above the minimum target of three months, suggesting that the government has more room to absorb moderate external shocks.9% of Gross Domestic Product (GDP) in the first-half of 2026 and the cash primary surplus of 0.