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Public debt increases US$1.5 billion in first half of the year

The Nonfinancial Public Sector Debt reached US$25,716.2 million in June 2016, as reported in Diario Libre. This is US$1,561.7 million more than in December 2015.

Local government borrowing was up 10.1% and is now at US$8,946.6 million. The foreign debt increased 4.6% for an absolute increase of US$741.1 million. Foreign debt is now US$16,769.6 million.

The foreign debt accounts for 65.2% of the total public debt.
The government took out US$9,568.5 million in bonds, or 10.8% more than in December 2016. During the first six months of the year, the government borrowed US$935.9 million in bonds.

Source: DR1, DiarioLibre

Aug 30, 2016

Category: DR News |

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Last updated October 22, 2016 at 2:00 PM
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