Guinea-Bissau debt hits 76.9% of GDP
Prime Minister Té acknowledges fiscal pressure despite projected GDP growth of 5.2% for 2026.
Prime Minister Ilídio Vieira Té stated on Tuesday, November 3, 2026, in Bissau that Guinea-Bissau's public debt has reached 76.9% of its GDP. He also noted that the current fiscal pressure of 9.1% is insufficient to meet the state's financing needs.
Speaking at a press conference with the International Monetary Fund (IMF), Té called for greater financial discipline, modernization of tax and customs administration, and increased transparency in public management. He highlighted that GDP is expected to grow by 5.2% in 2026 and 5.8% in 2027, with the budget deficit projected to fall from 7% in 2025 to 4.2% in 2026 and 2.8% in 2027.
The IMF mission is in the country to finalize the review of an economic and financial program started in 2023 and to negotiate a new agreement. IMF mission chief Niko Hobdari reported that inflation has dropped to 0.7% and recommended strengthening tax collection and the financial sector.
Why it mattersGuinea-Bissau's public debt and fiscal pressure affect the nation's ability to fund state operations and investments.