Government External Debt

RMI external debt and debt service RMI and National Government, FY97-FY06, USD'million

 FY97FY98FY99FY00FY01FY02FY03FY04FY05FY06
New 10.7 15.3 5.9 9.7 10.4 9.2 5 6.1 1 9.8
Outstanding 123.9 125.4 117.5 92.8 90.2 77.9 86.2 94.1 92.8 101.9
Amortization 23.2 23.1 34.2 18.5 24.2 3.4 3.2 3.8 4.5 6.9
Interest 6.9 6.4 5.5 3.5 2.6 1.9 2.1 2.3 2.5 3.3
Principal balance 118.2 116.3 93.7 89 77.9 86.2 90 94.7 92.1 99.3
External debt (adjusted) as % of GDP 108% 110% 92% 83% 71% 75% 76% 76% 72% 77%
Debt service as % of general fund revenues** 114% 126% 156% 78% 92% 15% 14% 19% 22% 32%
Memorandum items:                    
Debt to ADB (all concessional) 17.3 25.2 28.5 37.5 46.8 56 60.9 62.6 63.1 62.5
  0.1 0.2 0.3 0.3 0.4 0.5 0.6 1.2 1.4 1.6
General Fund Revenues 26.3 23.5 25.4 28.1 29.3 35.7 36.9 31.6 32 32.2
GDP (US$ millions) 109.3 105.4 102.4 107.6 110.5 114.7 118.7 125.3 127.4 129.1
Export of Goods and Services (US$ millions) 18 11.7 16.5 17.4 20.9 25.4 29.3 33.4 31.5 0

Source: Department of Finance and Administration and EPPSO estimates.

Notes:

* - Export of Goods and Services.

** - general fund revenue = uncommitted government revenue available for debt service.

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