Hacienda Minister Jochi Vicente continues to share information to back the recent debt-taking of the Abinader administration.
In a tweet, Vicente recalled that in August 2020, when he was appointed minister at the start of the Luis Abinader government, the Non-Financial Public Sector debt was 49.7% of the GDP. As of June 2023, this percentage has declined to 44.8%.
Vicente tells those who think the DR is borrowing too much that the June 2023 economic overview of the International Monetary Fund stated on Page 48 Art. IV: The Dominican Republic has a moderate risk of sovereign stress and debt is assessed as sustainable…public debt is on a downward trajectory as the recovery…has been strong and fiscal consolidation was brought forward in 2021.”
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Jochi Vicente Twitter
Listin Diario
El Caribe
11 July 2023