Improving Public Debt Management
In the OIC Member Countries
47
Figure 3-3: Government Net Lending in OIC Member Countries
Sources: WEO (2016), calculations by the Ifo Institute.What gives rise to the increasing deficits and debt levels in the highincome countries and the
Arab country group? Several of these countries strongly depend on oil revenues. The decline in
oil prices starting in 2014 has had and will continue to have a substantial negative impact on
the economies of the oilproducing countries. Figure 34 shows the average net lending in the
oil producing OIC countries since 2006, as well as the decline in the oil price per barrel and
fiscal breakeven oil prices which oil producing OIC countries need to balance their budgets.
-10
-5
0
5
Share of GDP (in %)
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Year
General balance Primary balance
Projections
-20
-10
0
10
20
Share of GDP (in %)
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Year
Low income Middle income
High income
Projections
-15
-10
-5
0
5
Share of GDP (in %)
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Year
Arab Group Asian Group
African Group
Projections