Debt stock set to fall below 50% of GDP
THE GOVERNMENTS DEBT STOCK is expected to fall below the threshold of 50 percent of gross domestic product by 2009, one year ahead of the original schedule, due to higher revenue collection.
This was according to the Department of Finance, which said the governments debt-to-GDP ratio, a closely watched economic indicator, would likely settle at 45 percent next year from the projected 50.2 percent this year.
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