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Country’s debt-GDP ratio reaches 34pc

FE Online Report | Published: August 29, 2017 10:28:48 | Updated: October 21, 2017 09:33:19


The ratio of the total debt to the Gross Domestic Product (GDP) reached to 34 per cent in the past fiscal year (FY17) which was 32 per cent in FY16.

 

Policy Research Institute of Bangladesh (PRI) unveiled the estimate in its analytical paper on fiscal transparency recently.

 

It showed that ratio of domestic debt to GDP dropped to 13 per cent in the past fiscal year from 15 per cent in FY16.

 

At the same time, external debt to GDP increased to 21 per cent from 18 per cent.

 

PRI estimate also revealed that five years back overall debt-GDP ratio was 34 per cent which was also static for the next two years and then dropped to 32 per cent in FY16 but increased to 34 per cent in FY17.

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