Official Debt

Official Debt

Debt owed to a government or international organization, especially debt owed by another government or international organization. A major example of a lender of official debt is the International Monetary Fund. The term is most common in international development.
References in periodicals archive ?
Per official debt data, Kenya's public debt, as of 31 December 2018, stood at Sh5.27 trillion.
'Therefore, the country's official debt count has reached RM781.4 billion,' Najib wrote.
In Ecuador, an audit of the governments debt commissioned by the current government found that Official debt had risen above the legal threshold and identified Other Obligations not counted as official debt equal to about 10% of GDP.
The rollover ratios of sovereigns with higher proportions of official debt tend to be lower because official debt typically has longer tenors than commercial debt.
The minister said according to the official debt figures, during the period from June to November, 2018, the domestic borrowing was Rs 11 billion less than the corresponding period of previous year.
While the foreign-currency share is high, the share of concessional loans and non-concessional official debt, with long maturities and relatively favourable conditions, is elevated and the total average maturity of the debt stock was 10.2 years in March 2017, implying relatively modest immediate roll-over risks.
China is not a member of the Paris Club, so there is no reason to assume that the usual approach to official debt negotiations is relevant to understanding what may happen.
More bailouts followed in 2012 and 2015, saddling the country with debt equivalent to 180 percent of its annual economic output, despite relief on repayments of its official debt and a writedown of bonds held by private creditors.
On the macro front, central bank's foreign exchange reserves decreased to USD9.7bn, down by USD602mn accredited to the official debt repayments.
' If the official debt figures are as stated above, how then did they come about spending N35.34billion to service an outstanding debt of N10.5billion'?
"Use of an official debt rule to bring down the central government debt-t0-GDP ratio to 40 percent by 2025 from about 50 percent today along with a fiscal deficit target roadmap, will serve as key pillars to India's medium-term fiscal framework," Moody's said.
However, the share of non-commercial official debt is set to decline to 11% of total sovereign debt as of year-end 2018, from 12% in 2017.