Q1 Govt debt-to-GDP ratio eases to 38.1%

The level of general government debt as a ratio of gross domestic product (GDP) dropped to 38.1 percent in the first quarter of 2014 from 38.5 percent a year earlier, the Department of Finance (DOF) said on Tuesday.

The DOF said the improvement came on the back of the government’s improving liability management. A private bank analyst said, however, a lower debt-to-GDP ratio does not always reflect positive development.