The Federal Government’s commercial debt has risen by 31 per cent from $11.17bn to $14.67bn, according to an analysis of data on actual external debt stock from the Debt Management Office.
Specifically, the nation’s commercial loans rose by $3.5bn from $11.17bn in 2020 to $14.67bn in 2021.
According to the report, the $11.17bn recorded in 2020 was 33.49 per cent of the total external debt stock. It consisted of $10.87bn Eurobonds and $300m Diaspora Bond.
Also, the $14.67bn recorded in 2021 as 38.21 per cent of the total external debt stock. It consisted of $14.37bn Eurobonds and $300m Diaspora Bond.