Public debt jumps 5.1% | The Times Group:
Malawi's public debt stock rose by 5.1 percent during the fourth quater of 2017 to hit K2, 470.9
from K2, 352.0 billion recorded in the third quarter, latest figures from the Reserve Bank of Malawi
(RBM) have shown.
According to RBM Financial and Economic Review for Fourth Quarter released on Friday, external
debt stock rose by K47.1 billion or 3.3 percent to K 1, 486.2 billion while domestic debt stock
increased by 7.9 percent to K984.7 billion at the end of the quarter.
As a percentage of gross domestic product (GDP), total public debt stock rose to 52.8 percent of
GDP in the quarter under review from 50.3 percent in the third quarter of 2017.
RBM said the ratio of external debt to GDP increased by 0.9 percentage points to 31.5 percent
from 30.6 percent in the third quater.
'via Blog this'
Malawi's public debt stock rose by 5.1 percent during the fourth quater of 2017 to hit K2, 470.9
from K2, 352.0 billion recorded in the third quarter, latest figures from the Reserve Bank of Malawi
(RBM) have shown.
According to RBM Financial and Economic Review for Fourth Quarter released on Friday, external
debt stock rose by K47.1 billion or 3.3 percent to K 1, 486.2 billion while domestic debt stock
increased by 7.9 percent to K984.7 billion at the end of the quarter.
As a percentage of gross domestic product (GDP), total public debt stock rose to 52.8 percent of
GDP in the quarter under review from 50.3 percent in the third quarter of 2017.
RBM said the ratio of external debt to GDP increased by 0.9 percentage points to 31.5 percent
from 30.6 percent in the third quater.
'via Blog this'
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