||    7 December 2017 @ 09:32

Finance Minister Felix Mutati says government acknowledges and accepts that the levels of the country’s debt are approaching unsustainability levels. Mr. Mutati says this is the more reason why the government is slowing down on borrowing in order to reach sustainability. He says Zambia’s external debt currently stands at 32% of Gross Domestic Product (GDP), while internal debt is at 18.4 percent of GDP, adding up to 50.4% of GDP.

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