Kenya’s fiscal policy could be better used to create more and better jobs, strengthen the social contract with Kenyan citizens, provide better public services, and spur inclusive economic growth.

Remember, nominal GDP includes both real GDP growth and inflation. Given those growth-rate assumptions, the debt-to-GDP ratio will most likely move above 140% in 2027 and above 150% in 2030.

It was widely reported in recent weeks that the goal was to increase public debt to 50 percent of GDP over the next several years.

The aggregate debt-to-GDP ratio in the Eurozone improved in 2023, declining to 88.6% from 90.8% the previous year, per data released by Eurostat. This marks a step towards pre-pandemic levels ...

But the amount of household debt rose to 16.42 trillion baht ($484 billion) at the end of December from 16.36 trillion baht at the end of September, among the highest levels in Asia. ($1 = 33.92 baht) ...

The debt-to-GDP ratio at the end of September was lower than the 108.2% registered in June and also lower than the 109.9% in September 2023, the central bank said.

Nigeria’s public debt-to-GDP ratio dropped to 39.4 per cent in the first quarter of 2025 following the successful rebasing of the country’s Gross Domestic Product by the National Bureau of Statistics.

With this, we arrive at our current debt-to-GDP ratio of 1.37. In other words, the current national debt is equivalent to 137 percent of GDP or about 16 months of total U.S. economic activity.