Dominican public debt increased 5% during the first year of the Medina administration, moving from 32.6% of GDP in 2012 to 38.5% in 2013. The government says that in 2012 the public debt was US$19.23 billion, and this increased to US$23.20 billion by year-end 2013, up US$3.96 billion. Of the total US$14.92 billion is foreign debt contracted with multilateral institutions, commercial banks and bonds. The internal debt is US$8.23 billion, including loans with commercial banks, bonds and the inter-governmental debt.
During the past five years (2009-2013) the public debt increased from US$13.25 billion to US$23.20 billion, and compared to GDP it grew from 28.4% to 38.5%. GDP increased from US$46.7 billion to US$60.2 billion, as reported in El Dia.
Economist Ernesto Selman of the Regional Center for Economic Strategies (CREES) says that while in the short term the situation is not complicated, there could be problems in the medium term. “Government indebtedness is moving from passing a yellow light to passing a red light,” he said when commenting on the debt on Hector Herrera Cabral’s D’Agenda TV show on Channel 11. In 2000, the foreign debt was US$3.6 billion. Selman said that to make payments on the debt, the country needed to allocate 45% of taxation revenues.
Selman commented that up to 26 February the Central Bank had injected more than US$900 million to keep the exchange rate in check.
In 2000, the foreign debt was US$3.6 billion
www.7dias.com.do/economia/2014/03/09/i159363_nivel-endeudamiento-del-pais-esta-casi-luz-roja-segun-economista.html#.Ux2Z2FzN5g0