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Public debt: Benin's risk of over-indebtedness remains "moderate".

08/10/2021
Categories: Economy/Forex

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Benin's public debt represents 49.09% of GDP in the 2nd quarter of 2021 with an outstanding amount of 4825.63 billion CFA francs. The country therefore has a “moderate” risk of over-indebtedness.

Benin's public debt remains viable with an outstanding amount, as of June 30, 2021, of 4825.63 billion CFA francs. According to the Statistical Bulletin of the country's public debt for the second quarter of 2021, a document made public by the Autonomous Sinking Fund (Caa), Benin takes a "moderate" risk of over-indebtedness. For the moment, the country still has a margin of shock absorption. It has a deviation of 20 percentage points from the community limit. This allows it to conduct its debt policy for the financing of development projects with a view to preserving the viability of this debt. It should also be noted that the outstanding public debt in the first quarter of 2021 is 4,746.79 billion CFA francs. The external debt represents 29.84% of GDP and the internal debt 19.25%. In general, the external debt is the most consistent.

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