{"id":24082,"date":"2020-06-08T22:17:52","date_gmt":"2020-06-08T20:17:52","guid":{"rendered":"https:\/\/www.africa-press.com\/zimbabwe\/?p=24082"},"modified":"2020-06-08T22:17:52","modified_gmt":"2020-06-08T20:17:52","slug":"debt-to-gdp-ratio-to-exceed-100","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/debt-to-gdp-ratio-to-exceed-100","title":{"rendered":"Debt-to-GDP ratio to exceed 100%"},"content":{"rendered":"<p>THE Zimbabwe Economic Policy Analysis and Research Unit (Zeparu) says the country\u2019s debt to gross domestic product (GDP) ratio will balloon to 101,6% by year end due to legacy debt, farmers\u2019 compensation and COVID-19.<span id=\"more-3096224744050883\"><\/span><\/p>\n<p>On May 4, 2020, government announced an $18 billion COVID-19 economic recovery stimulus package to deal with the effects of the global pandemic. But, since this was not budgeted for, it is likely to increase public debt as the government mobilises resources to fund the stimulus as it has no access to international credit lines.<\/p>\n<p>This comes at a time government is already in high debt distress with external debt estimated at nearly US$11 billion and $8,868 billion domestically as at December 2019.<\/p>\n<p>\u201cThe public and publicly guaranteed external debt to GDP ratio for 2019 was 47,6% and is projected to increase to 51,5% in 2020 (International Monetary Fund, 2020). This debt position does not take into account the legacy debts incurred by the Reserve Bank of Zimbabwe through compensation of some stakeholders for losses incurred following the currency conversion estimated at about US$1,2 billion and farmers\u2019 compensation,\u201d said Zeparu in its new May 2020 economic barometer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>THE Zimbabwe Economic Policy Analysis and Research Unit (Zeparu) says the country\u2019s debt to gross domestic product (GDP) ratio will balloon to 101,6% by year end due to legacy debt, farmers\u2019 compensation and COVID-19. On May 4, 2020, government announced an $18 billion COVID-19 economic recovery stimulus package to deal with the effects of the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":21372,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1388,354],"class_list":{"0":"post-24082","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-covid-19","10":"tag-gdp"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Debt-to-GDP ratio to exceed 100% - zimbabwe<\/title>\n<meta name=\"description\" content=\"THE Zimbabwe Economic Policy Analysis and Research Unit (Zeparu) says the country\u2019s debt to gross domestic product (GDP) ratio will balloon to 101,6% by\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/debt-to-gdp-ratio-to-exceed-100\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Debt-to-GDP ratio to exceed 100%\" \/>\n<meta property=\"og:description\" content=\"THE Zimbabwe Economic Policy Analysis and Research Unit (Zeparu) says the country\u2019s debt to gross domestic product (GDP) ratio will balloon to 101,6% by\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/debt-to-gdp-ratio-to-exceed-100\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-08T20:17:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2020\/03\/COVID-19-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"420\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/debt-to-gdp-ratio-to-exceed-100\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/debt-to-gdp-ratio-to-exceed-100\",\"name\":\"Debt-to-GDP ratio to exceed 100% - 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