DEBT SITUATION - PowerPoint PPT Presentation

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debt situation n.
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DEBT SITUATION

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  1. DEBT SITUATION

  2. Overview: Debt situation(as of Dec 2012) Total Public Debt Outstanding : SAT949.8m External Debt : SAT909.8 (96% of total debt) Domestic Debt: SAT40m (4% of total debt) Total Public Debt as % of GDP : 61% Total Debt Service 1st half FY12/13 : SAT20.61m Debt service ratio: ( 2.5% of GDP)

  3. Total Public Debt & Total Debt Service2006 – 2011Total Public DebtTotal Debt Service

  4. External Debt Composition Composition by Creditors-Dec12Composition by Currency-Dec12 ADB 32% PRC 32% IDA 26% JICA 7% Others 3% (OPEC/EIB/IFAD)

  5. Medium Term Debt Strategy Objective: “To minimise the cost of debt consistent with government tolerance for financial risks” • To restrict level of public debt to less than 50% of GDP • To ensure any loans contracted are highly concessional with a grant element of at least 35%; • Effective management of SOEs guarantees • Prudent management of public debt portfolioincluding regular updates to Government on the country’s debt burden • Put in place a credible fiscal consolidation plan and strengthen debt management • Agreed with our Development partners on a matrix of policy actions to bring down debt to sustainable levels

  6. FAAFETAI