Economy: Reduce the public debt from 93.8% to 70% of GDP in nominal terms and 55% in present value terms by 2028 Source. (MTNDP 2024-2030. P.44)

Status of Delivery

Minimal Progress

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Target description

Debt-to-GDP ratio was 44.4% as of December 2025 (Reduced due to rebasing of the GDP) (MTNDP 2024-2030. p.44)

Target Baseline

" 88.9% debt GDP ratio in 2023"

Comment on Target

Public debt GDP ratio followed an uneven trend between 2017 and 2026. Hovering around near 60% in 2017, the ratio increased to 74% in 2020 due to economic fallout from COVID. Following upward revisions to nominal GDP in 2024, the ratio stabilised, with IMF projected it to 44% in 20226.

Evidence One
Evidence Two
Evidence Three
All SDSC targets
Trend Analysis