State debt increased by 15% last year

The total amount of foreign and local loans obtained from January to October last year is US$529 billion states Central Bank reports. It is a 15% increase in relation to the same period the previous year.

 
The increase in the amount of debt of the country would have a negative effect on the economy of the country and this would lead to more increased taxes from the next budget point out economists. A large number of people are threatened with losing their employment due to the withdrawal of GSP+ by the European Union which would further jeopardize the economy point out these economists.