The Ministry of Finance announced that the government aims to decrease the public debt-to-GDP ratio
gradually over the next three years, to reach less than its level in 2011 by the end of the fiscal year (FY) 2021/22, the ministry stated in a press statement.
Among others, Paduano said that Rwanda's debt-to-GDP ratio
is 53 percent, that Rwanda will spend more on paying interest-and have less to spend on basic services for its people.
In 2018, the debt-to-GDP ratio
stood at 41.9 percent and the government had wanted to bring the share of debt to the economy to 38.6 percent by 2022.
Romer examine why the debt-to-GDP ratio
is such a strong predictor of crisis response, and in particular the role of sovereign credit market access in damping the fiscal response.
Under Presi-dent Arroyo, the debt-to-GDP ratio
was at 75 percent, going down to around 55 per-cent during the Aquino III administration, declining further in 2018 to 41.9 percent under the current Duterte administration.This debt-to-GDP ratio
is expected to fur-ther decrease to 38.6 percent by 2022.
That's quite impressive, in contrast to other countries where we're seeing a rise in the public debt-to-GDP ratio
," Moorty said.
The net debt-to-GDP ratio
nets out the national government's cash balance from the country's debt level.
ISLAMABAD -- The International Monetary Fund (IMF) on Wednesday forecast Pakistan's fiscal deficit continuously elevated at close to 8pc and deteriorating debt-to-GDP ratio
to reach 86pc over the next five years.
Emerging Markets Consulting senior consultant Ngeth Chou on Wednesday said Cambodia's debt-to-GDP ratio
, which is about 30 per cent, remains low risk.
'Early indications suggest that Pakistani authorities requested aid of $12 billion, which is almost twice as large as the previous bailout package of $6.6 billion in 2013.' The ratings agency said measures to strengthen the country's fiscal and debt dynamics will likely be a major cornerstone of the IMF deal, with the end goal of narrowing the budget deficit and stabilising the debt-to-GDP ratio
through austerity measures.
Government and lawmaker Marlen Mamataliyev suggest increasing the debt-to-GDP ratio