The International Monetary Fund (IMF) has projected total government net debt at 78.3 percent of the GDP for 2020 against 75.2 percent in 2019 that is an increase of 3.1 percent of the GDP.
According to the IMF report, Fiscal Monitor's statistical appendix, government revenue is projected at 14.3 percent of the GDP in 2020, and 15.8 percent in 2021, against 12.8 percent during the same period of 2019.
The fund has projected general government overall balance at -9.2 percent of the GDP for 2020, against -8.8 percent in 2019.
Further, the general government primary balance is projected at -2.7 percent for 2020, against -3.4 percent in 2019. The government expenditure is projected to increase to 23.5 percent of the GDP in 2020, and 22.3 percent in 20210, compared to 21.6 percent in 2019.
Comments
Comments are closed for this article.