IMF Report Reveals 10 African Countries with the Largest Projected Fiscal Deficits for 2023
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The IMF's Fiscal Monitor Report lists the 10 African countries with the lowest government overall balances (fiscal deficits) for 2023.
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Algeria has the lowest balance at -8.6% of GDP, followed by Malawi, Burkina Faso, South Africa, and Zambia.
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Sub-Saharan Africa's average overall balance is -4.0%, lower than other developing regions.
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Fiscal deficits occur when government spending exceeds revenue, leading to economic issues.
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The figures come from IMF staff estimates and government data sources.