According to 'Fiscal Monitor', presented this Wednesday in Washington by the director of the department of fiscal affairs and former Portuguese finance minister Vítor Gaspar, the ratio of public debt to GDP in Angola was reduced from 136.5 per last year, to 103.7 percent this year and 90.8 percent in 2022, contrary to what happens in Mozambique.
According to the IMF, this Portuguese-speaking country will see its public debt increase this year, from 128.5 percent of GDP in 2020 to 133.6 percent this year, then falling to 127.6 percent next year.
The Fund does not provide explanations for this evolution of the debt trajectory, presenting only the numbers in a table, which should be discussed next week, when the IMF releases the report on the economic outlook in sub-Saharan Africa.
Globally, Fund officials warned that "the risks to budget forecasts are high" around the world, warning that the rapid distribution of vaccines against covid-19 would alleviate the problem, according to the Budget Monitor released this Wednesday.
"The risks to the fiscal outlook are high. An increase in vaccine production and delivery, especially in emerging markets and in developing and low-income countries, would limit further damage to the world economy," reads the first chapter of the Budget Monitor.
According to the IMF, the world public debt will reach 97.8 percent in 2021 and will remain around 96 percent until 2026, while the world budget deficit will be 7.9 percent this year and will decrease to 3,5 percent in 2026.
