Public debt in developing East Asia and Pacific (EAP) economies has increased markedly since the recession in 2020 induced by COVID-19 pandemic. This brief uses standard debt dynamic accounting decomposition to quantify the main drivers of debt accumulation in developing EAP countries since 2000. In the aftermath of the COVID-19 pandemic, larger primary deficits have been the main drivers of the increase in the ratio of public debt to GDP in most...
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INFORMATION
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2022/12/16
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Fiche
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178622
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1
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2022/12/15
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Disclosed
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Drivers of Public Debt in East Asia and Pacific Economies