Government's cash-book deficit averaged around 3.8% of GDP for the 12 months ended Sep 2015. Government projects a 3.8% deficit ratio for 2015/2016, declining to 3% in “the medium-term”. It is anticipated that government debt will rise from 23% of GDP in 2009 to just more than 50% of GDP in 2016/2017. At end-September 2015, government’s gross loan debt amounted to 44.3% of GDP.
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