Govt. debt currently sits at $1.1 billion

Govt. debt currently sits at $1.1 billion

This is according to the Ministry of Finance quarterly bulletin for the financial year 2017-2018.

The $1.1 billion debt is similar to the figure released by the Samoa Bureau of Statistics Financial Statistics for the December 2017 quarter. 

The $1.1 billion debt is equivalent to 50.3 per cent of GDP1. According to Ministry of Finance report, the total amount outstanding comprises of public external debt of $1.09 billion and public domestic debt of $0.02 billion.