Debt levels During the decade we are looking at, government debt rose from 36,4 per cent of GDP in 1989 to 50,4 per cent in 1999, before receding to 48,1 per cent in 2000. Its most rapid rises were recorded when the government incurred large deficits from 1992 to 1994.
Against the backdrop of the rapidly evolving economic environment, our policy has been adapting, and it will continue to do so.