The fiscal deficit has widened so far this year, but a primary surplus has been registered, according to Alain Bifani, Director General of the Ministry of Finance (MoF).
The fiscal deficit widened by 33 percent to reach $1.7 billion in the first half of 2015. The primary surplus, which represents revenues and expenditures minus the service of the debt, reached $475 million. Primary surplus represented 2.6 percent of the Gross Domestic Product (GDP) in 2014.
The Debt to GDP ratio de...
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