Debt Management is a key component of Public Finance Management that enables the Government meets its financing needs at minimum costs and within acceptable levels of risk. One of the diagnostic tools that Government uses in managing its debt portfolio is to annually conduct a Debt Sustainability Analysis $($DSA$).$

Required:

i$.$ Define the term Debt Sustainability. $(2$ Marks$)$

ii$.$ Discuss the main objective of conducting a Debt Sustainability exercise. $(3$ Marks$)$

iii. Validate the actions which can be taken to reduce accumulation of debt. $(10$ Marks$)$