End of Q3 2022 - total debt stock stood at 63% of GDP

October 25, 2022

As at the end of Q3 2022, total debt stock stood at SCR 17.6bn, representing about 63% of GDP. Domestic debt remains the major component of the total debt stock, accounting for about 55.8% of total stock.

In comparison to the previous quarter, total debt stock increased by SCR 325m, or 1.9%, resulting in a 1-percentage point increase in the overall debt to GDP ratio.

This is mainly attributed to the external portfolio, which increased by SCR 307m, or 4.1%, reflecting the continuous disbursement under the budget support loan from the IMF reform program and the undertaking of a new loan.

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