13. Debt reduction objective

The debt reduction objective referred to in paragraph (a) of section 10 requires the Government to ensure that public debt shall be reduced to and maintained at a sustainable level adhering to the limits and time frame specified in the fiscal strategy statement pursuant to the paragraph (b) of subsection (5) of section 11.

The Minister of Finance shall ensure the preparation and publication of a debt sustainability analysis on an annual basis that takes account of the fiscal performance and any revisions that may be required to the fiscal strategy statement or the medium-term fiscal framework as specified under sections 11 and 12, respectively.