Government's cash-book deficit averaged around 3.7% of GDP in 2015. Government projects a 3.2% deficit ratio for 2016/2017, declining to 2.4% in 2018/2019. It is anticipated that government debt will rise from 22.5% of GDP in 2008 to around 50% of GDP 2017. At the end of 2015, government’s gross loan debt amounted to 44.5% of GDP.
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