THE RISING PUBLIC DOMESTIC DEBT – SHOULD WE WORRY? . Shebo Nalishebo, Research Fellow Zambia Institute for Policy Analysis and Research 3 rd April 2014. Overview.
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
THE RISING PUBLIC DOMESTIC DEBT – SHOULD WE WORRY?
Shebo Nalishebo, Research Fellow
Zambia Institute for Policy Analysis and Research
3rd April 2014
Domestic debt in Zambia is broadly defined as all central and local government, as well as public enterprises debt contracted within Zambia
Until 2013, the Government’s practice of managing domestic debt has been to issue more bonds than treasury bills
Source: Bank of Zambia, Fortnightly statistics
Adverse repercussions on fiscal and debt sustainability
a) Debt interest payments:
(b) Easy way out for financing Government operations:
c) Risks of short term debt