IMF: Iran gov't gross debt to decline

Business Materials 2 May 2017 17:15 (UTC +04:00)

Baku, Azerbaijan, May 2

By Farhad Daneshvar – Trend:

The international Monetary Fund’s latest “Regional Outlook" for the Middle East and Central Asia forecasts a decline in Iranian government’s gross debt in 2017.

While the government’s gross debts amounted to 35 percent of the GDP in 2016, it is predicted to stand at 29.2 percent for 2017, and 26.1 percent in 2018.

Government gross debt in the MENAP (Middle East, North Africa, Afghanistan and Pakistan) region is estimated to reach 45.9 percent of the region’s total GDP in 2017.

However, Iran’s total government net debt is expected to form 88.6 percent of GDP in 2017 and 96.2 percent in 2018. The figure for 2016 stood at 82.1 percent of GDP.

According to the IMF report, Iran’s GDP growth will stand at 3.3 percent in 2017.