Monday , March 1 2021

The Consortium's calculations show that this year, government debt will grow to 93% of GDP


According to the Ecolatin report, the stabilization of the dollar will be the basis for the debt repayment, according to which the exchange rate increase in the third quarter increased the debt-to-GDP ratio by 19 percentage points.

At the end of the second quarter of 2018, public debt was about 330,000 million dollars, almost 80% of GDP, well above 59% in the first quarter of the year.

The company believed that if the rest of the year achieved a total renovation of government bonds, the government debt would reach 93% of GDP by the end of 2018 and the debt would remain about 60% of the product.

"Although the level of debt stabilized at the end of the year, it would be well above the average in South America (45%), and our country has a very high proportion of foreign currency liabilities (80% of debt in the hands of private and international organizations)," the report added.

The report also states that after this dynamic IMF payment, the availability of funds will be guaranteed for the 2018 and 2019 deadlines, as they enter the country at $ 50 billion.

"Therefore, the risk of default in the current term of the presidency is included, but the next president will have to receive external financing in the years 2020-21 to cover debt services to private clients and the IMF 2022-2333 ($ 46 billion)", estimated Ecolate

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