The Dominican national debt has reached record heights, according to documents from the National Congress. Listin Diario has published a breakdown of the debt that lists US$7.56 billion as foreign debt and US$6.48 as internal debt, and both figures are all-time highs. Of course the internal debt includes US$5.48 billion worth of quasi-fiscal debt run up by the Central Bank in its efforts to stem inflation and devaluation resulting from the 2003-2004 banking scandals. Between 1997 and 2007 the foreign debt rose from US$3.99 billion to the current US$7.56 billion. The information released by Congress also mentions the fact that the Ministry of Hacienda has excluded the Central Bank’s certificates of deposit from its calculations of the public debt. In addition, the newspaper reports that a further US$336.14 million have not been included in the above figures and that another US$80 million is awaiting approval by Congress.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Dominican national debt has reached record heights, according to documents from the National Congress. Listin Diario has published a breakdown of the debt that lists US$7.56 billion as foreign debt and US$6.48 as internal debt, and both figures are all-time highs. Of course the internal debt includes US$5.48 billion worth of quasi-fiscal debt run … <\/p>\n