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Public finances: Benin received a debt of 5,866.81 billion CFA francs in the 4th quarter of 2022

09/06/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The Public Debt Statistical Bulletin of the Autonomous Amortization Fund (Caa) indicated that the stock of Benin's public debt stood at 5,866.81 billion CFA francs in the fourth half of 2022, as of December 31, 2022.

Le bulletin de Caa mentionne que la date extérieure est chiffrée à3 863,21 milliards F Cfa, et la dette intérieure s' élève à 2 003,60 milliards F Cfa, soit respectivement 65,85% et 34.15% of the public debt portfolio. At the end of December 2022, the public debt ratio stood at 54.05% of gross domestic product (GDP) compared with 52.73% at the end of September 2022, i.e. 35.59% of GDP for external debt and 18.46% of GDP for domestic debt. According to the document, Benin's public debt is dominated by debt to non-resident creditors (85.01% of the total). The new loan agreements signed to finance various projects included in the Government Action Programme (PAG) amount to 663.82 billion CFA francs for loans denominated in foreign currencies and 27.5 billion CFA francs for loans in local currency at the end of December

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