DOF information released Sunday confirmed the overall government debt-to-GDP advanced to 35.Four percent as of cease-June from 36.1 percentage a 12 months in advance and from 35.8 percentage as of quit-March.
The fashionable government debt-to-GDP measures the amount of a country’s gross government debt as a percent of its GDP. It is a trademark used by credit score companies including Fitch Ratings, Moody’s Investors Service and S&P Global Ratings to evaluate the creditworthiness of sovereigns.
In absolute terms, trendy authorities accelerated with the aid of 4.Three percent to P4.88 trillion as of give up-June 2016 from P4.68 trillion a yr earlier.
However, the boom registered by means of popular government debt turned into offset by using the higher GDP growth in the first six months of the year. The GDP grew by way of 6.9 percent in January to June from 5.5 percentage a 12 months earlier.
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