Nigeria’s federal government spent about 80% of its revenue on debt servicing between January and November 2022, according to the country s minister of finance.
Though Pakistan continues to eye for fresh impetus on CPEC projects, China, on the other hand, will be extremely careful with Pakistan demand for rescheduling
i think the reason why it has attracted so much international tension is, yes, i think we can agree even if kwasi kwarteng struggled to publicly agree that it was a botched statement on the 23rd of september, the trigger of this, but it is true in saying that the pressure is coming on around the world from higher interest rates are scaring a lot of other countries in terms of whether the uk if you like is the first mover of markets turning on them and demanding higher debt servicing cost but also some of the, if you like, issues that have emerged in financial markets over the last decade as a courtesy of very low interest rates. maybe they are emerging in the uk and they will emerge everywhere over the coming months. it everywhere over the coming months. , , months. it is interesting. but if that is the months. it is interesting. but if that is the case months. it is interesting. but if that is the case we - months. it is interesting. but if that is the case we are - if that is t
The government is allocating more than P1 trillion next year to settle maturing local and foreign debt as well as its corresponding interests, according to budget documents.