The public debt
is divided into four sections: the government debt (EGP 2.685tn), the debts of public economic entities (EGP 222.3bn), the National Investment Bank (EGP 336.9bn), and inter-organisational debt between the government, economic institutions, and the National Investment Bank (EGP 84.3bn).
The authors' main point of contention seems to be that fiscal policy and public debt
do not actually serve as a balance wheel, regardless of whether policy makers should try to use it as such They do not engage in prescriptive policy analysis Rather, they try to explain fiscal policy as an emergent phenomenon.
But in contrast to debt pessimists, who regard public debt
as inherently problematic, debt realists see a constructive role for public debt
External debt represents more than two-thirds of the public debt
(43.6 billion dinars), and is composed of multilateral debt (47%), bilateral debt (15%) and the International Financial Market (38 %).
The average cost of gross public debt
was reduced by 40 basis points during first six months of current fiscal year owing to smooth execution of the Medium Term Debt Management Strategy (MTDS).
The various issues regarding public debt
discussed in the previous literature includes, burden of debt (as viewed by the Classical, Keynesians and modern economists), the effect of public debt
on macro policy variables and the sustainability or viability of public debt
To ensure reasonably sustainable public debt
levels, EU member states need to attain medium term strategic budgetary objectives, that would ensure a downward trend of public debt
, a condition which can be fulfilled by compliance with budget policies rules, which ground development in the macroeconomic framework.
He also told the media that the increase in public debt
was necessary since the Pakistan Investment Bond (PIB) repayments will begin soon and we needed a buffer for system stability at a time when the government was shifting policy from debt rollover to debt repayment.
Govt adds Rs3.9tr to public debt
in 10 months of FY19
Therefore, the net addition to the external public debt
was only $2.29 billion, which is the lowest of last three years.
While Lagos Chamber of Commerce and Industry, LCCI, in a reaction, described the mounting public debt
as worrisome, former Vice President and Presidential candidate of Peoples Democratic Party, PDP, in the 2019 election, Alhaji Atiku Abubakar, said it was capable of drowning the nation, if critical steps are not taken to stop further borrowing.
a National Disaster!' - current headlines driving the public narrative on Kenya's public debt
paint a very worrying picture, that Kenya's finances are in turmoil.