The Audit Committee has announced that public debt increased in 2013 by 5.9% of the Gross Domestic Product (GDP) reaching 39.5% compared to 36.6% last year.
This represents an increase of RD$215,228 over 2012, ending the year at RD$989,676 million.
Interviewed by journalists, the Audit Committee chair Licelot Marte de Barrios said that there were still many weaknesses in the public institutions when it came to the management of their budgets including incomplete records, difference between one record and another and often they were unable to check the veracity of certain figures. She reiterated the importance of public institutions being more open and transparent when it came to budgeting and said there should be more accountability.
Informe Cámara de Cuentas revela deuda pública aumentó en 2013
www.diariolibre.com/noticias/2014/04/29/i587591_cmara-cuentas-deuda-pblica-aument-rd215-228-millones-2013.html