This article attempts to shape academic debates on public debt performance and the direction of fiscal policy in Liberia, especially in the context of Liberia’s debt carrying capacity. External debt rose by 765.3 percent (US$541.45 million) to US$612.2 million, from US$70.75 million while domestic debt decreased by 14.80 percent (or US$46.24 million) to US$266.10 million, from US$312.43 million during the same period. The public debt stock data for 2 years and 3 months spanning 2018 and end-March 2020 paints this picture of the current government’s debt performance. Total public debt rose by 71.15 percent (or US$624.88 million) to US$1,503.08 million at end-March 2020, from US$878.2 million at end-2017. Of the total stock of public debt at end-March 2020, external debt accounted for US$898.68 million and domestic debt, US$604.40 million.

Source: Front Page Africa July 27, 2020 16:07 UTC