Public debt ratio
The public debt ratio stood at 49.33% of GDP at the end of September 2021, well below the 70% threshold applicable in the WAEMU zone under the multilateral convergence pact. The evolution of the public debt rate in the medium term is linked to the implementation of projects in the Government’s Action Programme and in the short term to the implementation of Benin’s economic and social response plan against the effects of the COVID-19 pandemic. It should be pointed out that Benin is committed to respecting the convergence criterion relating to the public debt rate, which has historically remained below its threshold. With a margin of about 20% in relation to the threshold, this rate reflects the efforts made to manage the public debt well and the margin of debt available for financing development projects.