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Debt servicing already uses up some 35% of government revenues.
Some two-thirds of the budget goes on military spending and debt servicing.
The four worst affected countries pay their foreign creditors $4 million a day in debt servicing.
Joseph Tamale, 12, from Uganda, lit into the group on debt servicing.
That compromise would protect funds for health care while offering cheaper debt servicing for the state.
Almost one-third of Ghana's budget is spent on external debt servicing.
Similar(13)
The government's debt-servicing costs are too high?
It will slightly lower debt-servicing costs, but otherwise do little to revive household consumption.
Plus, with interest rates still on the floor, aggregate debt-servicing costs are comfortable.
It thinks that the squeeze on the consumer, caused by rising taxes and debt-servicing charges, is abating.
She dismisses worries about the colossal cost of protectionism or of debt-servicing with a devalued currency as scaremongering.
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