The Regional Center for Economic Sustainable Strategies (CREES) revealed that the Non-Financial Public Sector Debt was US$40,047 million at the close of October, which is 54.3% of the Gross Domestic Product.
CREES based the estimates on data provided by the Ministry of Hacienda that shows an annual average public debt increase of 14.4% from 2000 to 2016. Earlier this year, the Governor of the Central Bank had reported that the total public debt to GDP ratio was 49.6% in July 2017. Of the total, 27.4% is for Central Bank bonds, or US$10,973 million. US$29,074.7 million is in internal and external debt through multilateral organizations, bilateral financial agreements and sovereign bonds.
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Diario Libre
18 December 2017
