ZTP STATE OF THE ECONOMY REPORT

Years of over-borrowing has left the economy on a knife-edge as debt accumulation shows no sign of stopping. External debt as at end of second quarter 2019 had increased by 0.5 percent to US$ 10.23 billion from US$ 10.18
billion at the end of first quarter (MOF, 2019). Domestic debt only captured as securities and bonds was at K60.7 billion by end of August from the end of March position of K58.3 billion( MOF, 2019)

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