FACTORS AFFECTING FOREIGN DEBT IN OIC COUNTRIES

Sjafruddin (Universitas Jember)
Inayah Swasti Ratih (Universitas Jember)
Bahrina Almas (Universitas Jember)
Robby Reza Zulfikri (Universitas Jember)

International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS)
Vol. 4 No. 5 (2024): October

This study looks at how current balance deficit, GDP, and government spending affect foreign debt in eight countries in the Organization of Islamic Cooperation: Lebanon, Jordan, Egypt, Pakistan, Morocco, Bangladesh, Kazakhstan, and Algeria. This research uses a quantitative method with data from 2010 to 2020. It uses panel data to explain information between units and cross sections. The results showed that the current balance deficit had no significant effect on foreign debt, but GDP and government expenditure had a significant effect.