Govt intends to amend FRCLA: NA told

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Govt intends to amend FRCLA: NA told

ISLAMABAD, April 14 (APP): Parliamentary Secretary for Finance, Rana Afzal on Thursday apprised the National Assembly that government intends to amend the Fiscal
Responsibility and Debt Limitation Act (FRCLA) , 2005.

Replying to a question, he said that existing FRDLA contains few obsolete clauses, therefore, amendments were necessary.

He said that redefining a debt reduction path in terms of GDP which will help in reducing the risk and improve sustainability related to public debt portfolio.