The Committee noted that the 2010 Medium Term Budget Policy Statement (MTBPS) estimated that the debt amount will be approximately 40 per cent of GDP in the 2015/16 financial year. If the economy experiences another recession and the level of debt is as projected in the 2015/16 financial year, the Committee foresees major challenges. While the MTBPS indicated that the exact level of debt will largely depend on the pace of economic growth, the Committee is of the view that there is still an element of economic uncertainty. The Committee however fully endorses the fact that the economy is currently in a solid position.