Advantages of Repayment:
1) It raises the credit of the government
2) It will produce salutary effects on the people if simultaneously repayment efforts are made
3) It saves the cost of debt administration.
4) Debt repayment is a deflationary measure
5) It reduces the scope for extravagant expenditure of the government.
6) Repayment also saves the future generations from paying additional doses of taxation
7) It helps the government to raise loans in future