Togo: Public debt stood at 68% at the end of Q3 2019

Public finance
Thursday, 14 November 2019 16:43
Togo: Public debt stood at 68% at the end of Q3 2019

(Togo First) - At end-September 2019, Togo's public debt ratio was 68%. The good news was revealed yesterday by the minister of economy, Sani Yaya. The official was addressing parliamentarians in the framework of the adoption of the supplementary budget act 2019. 

Yaya added that "efforts are pursued to keep the debt ratio, at the end of December 2019, below the WAEMU standard which is 70% of the GDP." 

Already at the end of the first quarter of this year, the country's public debt fell below the 70% standard according to official sources; quite an improvement considering that it exceeded 80% at the end of 2016. 

R.E.D

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