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Public debt jumps US$1.9B to US$18.5B

Santo Domingo.- The public debt, or the foreign and domestic debts combined, grew by $1.9 billion to August, compared with December 2011, from US$16.6 billion to US$18.5 billion, according to Finance Ministry figures.

However, official figures contradict those of economists of the opposition parties, who say the government debt jumped US$9.4 billion at the end of 2004 to US$25.0 billion at midyear.

The Economic Commission for Latin America and the Caribbean (ECLAC), in a June report on Latin America and the Caribbean and its prospects, also puts Dominican Republic’s gross public debt to that month at US$17.1 billion, of which US$4.9 billion was local and US$12.1 billion foreign.

Officia figures note that the country’s public debt is 32.4% as a nominal percentage of the GDP, estimated at US$57.1 billion.

The foreign debt, including multilateral, bilateral, local banks, bonds and suppliers, jumped US$1.0 billion, an 8.9% increase, from US$11.6 billion to $12.66 billion. The foreign debt is 22.2% of the nominal estimated GDP.

Source: DT

Category: DR News |

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Last updated December 10, 2016 at 11:35 PM
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