Favourable exchange rate, one of the main factors for reduction in country's debt level in 1st Quarter of 2023
May 22, 2023
A more favourable exchange rate has been a factor in the reduction of the country's debt level in the first quarter of the year 2023.
Another contributing factor has been the higher nominal GDP forecasted for the year.
The latest debt bulletin focusing on the first quarter of the year, shows the country's debt to GDP stood at 64.2% compared to 69.0% at the end of the fourth quarter of 2022, which is a decline of almost 5 percentage points.
For more click on the link below to access the bulletin.