“At the end of June 2020, the cumulative settlement of the public debt stood at 832.3 billion FCFA compared to the same period in 2019, an increase of more than 100%”. This is what the Sector Conjoncture in France from the Ministry of the Economy and Recovery reveals.
At the end of the first six months of 2020, the Gabonese state proceeded with the cumulative settlement of the debt to the tune of CFAF 832.3 billion. According to the Sector Conjuncture Note published by the General Directorate for the Economy and Fiscal Policy, the public debt situation over this period was characterized by “a sharp increase in payments, disbursements and a slight increase in of the stock of debt ”.
The document notes that the analysis of the public debt mainly revolves around three axes: the settlement, the drawings and the stock of debt. For debt settlement, at the end of June 2020, the cumulative settlement of the public debt stood at CFAF 832.3 billion compared to the same period in 2019, an increase of more than 100%.
As for the external debt, its settlement amounted to 635 billion CFA francs, an increase of 138.5%, and concerned international financial markets, multilateral, commercial and bilateral debt. The Sector Conjuncture Note explains that this regulation “includes the payment of arrears to the tune of 20.08 billion CFA francs, including 14.35 billion CFA francs from multilaterals and 5.72 billion CFA francs from salespeople” .
The payment of the domestic debt amounted to 197.3 billion CFA francs, an increase of 67.2% compared to the same period in 2019. It takes into account an arrears payment of 22 , 73 billion CFA francs for the benefit of bank creditors. This development is the result of the sharp increase in payment to the regional financial market, of the banking and moratorium item (respectively 13.4%, 7.5% and 2.5% of the total amount).
