Monday, February 15, 2016

Record public debt at $70 billion. Debt-to-GDP ratio stabilizes and lower oil prices bolster budget


The gross public debt increased by 5.6 percent to $70.3 billion at the end of 2015 compared with a year earlier, according to Ministry of Finance (MoF) data.

The domestic part of the debt escalated by 5.6 percent to $43.3 billion while foreign debt widened by 5.7 percent to $27 billion.

The debt-to-GDP ratio is stabilizing and ended last year at 130 percent, which was close to its value in 2014. This ratio amounted to 185 percent ten years ago. The public debt-to-GDP ratio was 134...

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