The Benin State Financing Plan for the year 2021 reveals that public debt is capped at 1528 billion FCFA. Thus, the State's commitments represent 16.12% of the gross domestic product (GDP)

The macroeconomic hypotheses adopted and the debt strategy defined by Benin indicate that the total amount of the State's new commitments to donors would be 1,528.13 billion CFA francs in 2021.
The annual State Debt Strategy, annexed to the 2021 Finance Act, states that external borrowings represent 600 billion CFA francs and the amount of new debt in local currency is estimated at 928.13 billion CFA francs.
The document from the Ministry of Economy and Finance states that so-called “highly concessional” multilateral loans will represent 75.61% of external financing, with an indicative maturity of 38 to 40 years and a deferral of 5 to 10 years for an indicative interest rate of 0.74 to 0.82%.
“Concessional” loans will be of the order of 58.34 billion CFA francs, or 9.72% of external debt, with an indicative maturity of 20 to 38 years and a deferral of 7 to 12 years, for an interest rate of 1.64 to 2.03%. “Semi-concessional” financing will amount to 23.87 billion with an indicative maturity of 33 years and a 9-year deferral, at an interest rate of 0.95%.
“Non-concessional” multilateral, bilateral and commercial loans represented 64.16 billion CFA francs in 2021, or 10.69% of external debt, with an indicative maturity of 12 to 13 years, a deferral of 2 years and an interest rate of