TVC Breakfast | IMF's Projection on Nigeria's Debt-To-Gpd Ratio to Hit 42% by 2026

The International Monetary Fund in its latest forecast has projected that Nigeria’s government gross debt to Gross Domestic Product ratio will rise to 42 per cent by 2026 from 35.7 per cent in 2021.

The IMF said this in the October 2021 Fiscal Monitor Report published on its website.

It said the country’s gross debt-to-GDP ratio would increase from 35.7 per cent in 2021 to 36.9 per cent in 2022, 37.7 per cent in 2023, 39.1 per cent in 2024 and 40.6 per cent in 2025.

According to the report, the gross debt includes overdrafts from the Central Bank of Nigeria and liabilities of the Asset Management Corporation of Nigeria.

It said the general government revenue-to-GDP ratio would decrease from 7.2 per cent in 2021 to 6.5 per cent in 2026, while the general government expenditure-to-GDP ratio would decreased from 13.3 per cent in 2021 to 12.6 per cent in 2026.
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