Mid-Year Budget Review: Energy sector remains a significant fiscal risk to economy – Deloitte

The professional services firm also urged the government to continue to avoid excessive reliance on short-term domestic debt, which it describes can increase refinancing risks and interest costs.“While domestic borrowing remains an important source of financing, the government should continue to avoid excessive reliance on short-term domestic debt, which can increase refinancing risks and interest costs”.

Despite the progress made by the government in restoring macroeconomic stability, the energy sector remains one of the most significant fiscal risks facing the country, Deloitte has disclosed in its assessment of the Mid-Year Budget Review.