Malawi's public debt has skyrocketed to K16.19 trillion as of September 2024, accounting for 86.4% of the country's GDP. Minister of Finance Simplex Chithyola Banda revealed this while presenting the 2025/2026 national budget. As of September 2024, external debt stood at K7.39 trillion, while domestic debt reached K8.79 trillion. The government's reliance on borrowing to […]
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