IIF Says Bahrain at Risk after Public Debt Exceeded GDP
2020-01-18 - 8:12 p
Bahrain Mirror: Institute of International Finance (IIF) said that a number of Arab countries, including Bahrain, are at risk after their public debt exceeded the Gross Domestic Product.
The institute indicated that the public debt in 3 Arab countries exceeded the GDP, noting that Sudan's public debt reached 177.87% of its GDP, while Lebanon's public debt reached 157.81% of the GDP. Bahrain ranked third with the public debt reaching 100.19% of the GDP.
The institution warned in a report it recently published that the international public debt has reached $252.6 trillion, indicating that the world's public debt is now more than three times the size of the GDP.
Russia Today website said that the international public debt increased in the third quarter of 2019 with about $10 trillion, compared to the same period in 2018. International public debt is expected to keep rising.
The global debt-to-GDP ratio hit an all-time high of 322% in the third quarter of last year, the highest level ever.