In the past 13 years, the Dominican public debt has increased four times compared to the rise in the GDP, reports Diario Libre. Ministry of Hacienda data shows that the public debt went from US$3.24 billion in 2000 to US$21.89 billion as of September 2013, for 575% increase. It indicates that the GDP has increased 153% during this same period.
The Central Bank recently reported that the Dominican consolidated public debt is US$27.109.8 million, equivalent to 44.9% of GDP, as reported in El Dia. A plan in place could reduce this to 40% of GDP, according to the Bank. The Central Bank says that in 2013, the non-financial public sector deficit could drop 4%, from 6.8% of GDP in 2012 to 2.8% in 2013. The largest part of the consolidated total debt is the foreign borrowing, now at US$13.86 billion, or 23% of the GDP. The Central Bank debt is US$8.38 billion. The intra-governmental debt is US$3.17 billion.
www.diariolibre.com/economia/2013/11/25/i412408_deuda-pablica-crece-575-desde-aao-2000-septiembre-2013.html