{"id":136476,"date":"2020-02-18T13:16:20","date_gmt":"2020-02-18T13:16:20","guid":{"rendered":"http:\/\/ny1.dr1.com.do\/wordpress\/?p=136476"},"modified":"2020-03-12T12:43:11","modified_gmt":"2020-03-12T12:43:11","slug":"dominican-national-debt-hits-historic-highs","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2020\/02\/18\/dominican-national-debt-hits-historic-highs\/","title":{"rendered":"Dominican national debt hits historic highs"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" width=\"546\" height=\"350\" src=\"https:\/\/dr1.com\/wordpress\/wp-content\/uploads\/2020\/02\/Endeudamiento-Diario-Libre.jpg\" alt=\"\" class=\"wp-image-137650\" srcset=\"https:\/\/dr1.com\/news\/wp-content\/uploads\/2020\/02\/Endeudamiento-Diario-Libre.jpg 546w, https:\/\/dr1.com\/news\/wp-content\/uploads\/2020\/02\/Endeudamiento-Diario-Libre-300x192.jpg 300w\" sizes=\"(max-width: 546px) 100vw, 546px\" \/><\/figure><\/div>\n\n\n\n<p>In 2019, the national debt of the Dominican Republic reached US$35.9 billion, up US$3.78 billion in 2019 alone. According to the data from the Public Credit Agency, the Non-Financial Public Sector debt was US$35.94 billion. The year-to-year matchup shows that in 2018, the number was US$34.15 billion. This means that the DR owes at least 40.4% of every dollar accounted for in the Gross Domestic Product (GDP). This is up from 37.6% of GDP in 2019. The numbers do not include the debt contracted by the Central Bank of the Dominican Republic.<\/p>\n\n\n\n<p>The latest numbers for the Central Bank of the Dominican Republic are from September 2019, and they show that the Central Bank owed US$12.06 billion, at that moment equal to 13.6% of GDP. The part of the national debt owed to overseas entities is set at US$23.37 billion, and the remaining US$12.55 billion is owed to local financial institutions.<\/p>\n\n\n\n<p>In the 2020 budget, the National Congress authorized a total debt increase of US$2.98 billion in foreign currency, while bond issues in local currency was set at RD$86.3 billion. <br>\nIn January 2020 already, the government placed sovereign bonds worth US$2.5 billion, which means it has already used 83.7% of the amount authorized in the budget for foreign debt for this year.<\/p>\n\n\n\n<p>Read more in Spanish:<br><a href=\"https:\/\/www.diariolibre.com\/economia\/la-deuda-dominicana-registra-su-mayor-salto-en-seis-anos-NG17117479\">Diario Libre<\/a><\/p>\n\n\n\n<p>18 February 2020<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2019, the national debt of the Dominican Republic reached US$35.9 billion, up US$3.78 billion in 2019 alone. According to the data from the Public Credit Agency, the Non-Financial Public Sector debt was US$35.94 billion. The year-to-year matchup shows that in 2018, the number was US$34.15 billion. This means that the DR owes at least &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2020\/02\/18\/dominican-national-debt-hits-historic-highs\/\" class=\"more-link\">Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[271,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/136476"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=136476"}],"version-history":[{"count":2,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/136476\/revisions"}],"predecessor-version":[{"id":137652,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/136476\/revisions\/137652"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=136476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=136476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=136476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}