According to the financial agency Bloomberg, the largest economy in sub-Saharan Africa spent the equivalent of 10.9 billion euros to service its debt between January and November, when total revenue for that period was around 13.7 billion euros. euros.
The Government's objective is to reduce the percentage of revenues that is used to pay the debt to 60% during this year, through revenue improvements.
Limited oil production and costly gasoline subsidies caused this scenario, which worsened with the impacts of the covid-19 pandemic, first, and the invasion of Ukraine by Russia last year.
