Outstanding public debt and publicly guaranteed on 31 may 2019


As at 31 May 2019, the outstanding amount of public debt and public guarantee debt (excluding outstanding amounts payable and the debt of public companies) amounted to approximately CFAF 7,788 billion and represented 36.6% of GDP. As compared to the previous months, this outstanding amount increased by 2.7%, while the increase was 6.1% in 31 December 2018 and 16.7% annually.

The direct public debt representing 99.5% of this outstanding amount is estimated at CFAF 7,746 billion, or 36.4% of GDP, including CFAF 718 billion in budget support obtained under the Economic and Financial Programme (EFP) concluded with the IMF.

The debt guaranteed by the State, considered as conditional liabilities, representing 0.5% of the total outstanding amount, is estimated at CFAF 42 billion, or 0.2% of GDP.

As at 31 May 2019, direct public debt consisted of 75.7% external debt and 24.3% internal debt, compared with 77.0% external debt and 23.0% internal debt recorded one month earlier. As a reminder, the target set by the 2019-2021 debt strategy at the end of 2021 is the composition of the portfolio of 79% external debt and 21% domestic debt.

The table below shows the monthly evolution of this outstanding amount according to its main headings.

Table: Outstanding public debt and public guarantee

Source : CAA