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SANTO DOMINGO. The total national debt of the non-financed public sector (SPNF) with the new administration receives totaled US$17.631 billion as of 31 July of this year, which represents 30.8% of the Gross Domestic Product estimated for this year by the Fiscal Policy Unit of the Ministry of Hacienda at US$57.309 billion.
According to the report from the Director General of Public Credit from the Ministry of Hacienda, the debt total is composed of 71.4% foreign debt, which presents and unpaid balance (that part of the debt that has not been covered) of US$12.589 billion.
In the meantime, the 28.6% remaining belongs to the internal debt which totaled RD$187.1 billion, equal to US$5.0 billion at the RD$39.09 to US$1.00 exchange rate. These amounts represent 22.0% of the external debt and 8.8% of the estimated GDP of the internal debt respectively.
Of the total internal debt some US$2.176 billion (3.8% of GDP) is intra-governmental debt, which is one government institution contracting a debt with another, such as the bonds issued by the Central Government for the capitalization and recapitalization of the Central Bank.
Of this debt the one contracted by the country with multilateral agencies is important, since at 31 July it amounted to US$4.296 billion. Of this amount, the largest part is with the Inter American Development Bank (IADB) which is at US$2.176 billion; with the International Monetary Fund (IMF) with US$829.6 million and with the International Reconstruction and Development Bank of the World Bank, with USZ$930.4 million.
Regarding the bilateral debts, which are government to government, there are the commitments to the Club of Paris which amount to US$5.497 billion and the other bilateral debts amount to US$3.661 billion.
Of the internal debt held by the Dominican Republic is mostly for bonds, which amount to US$2.131 billion and the bonds for recapitalizing the Central Bank which amount to US$2.116 billion.
According to the report from the Director General of Public Credit from the Ministry of Hacienda, the debt total is composed of 71.4% foreign debt, which presents and unpaid balance (that part of the debt that has not been covered) of US$12.589 billion.
In the meantime, the 28.6% remaining belongs to the internal debt which totaled RD$187.1 billion, equal to US$5.0 billion at the RD$39.09 to US$1.00 exchange rate. These amounts represent 22.0% of the external debt and 8.8% of the estimated GDP of the internal debt respectively.
Of the total internal debt some US$2.176 billion (3.8% of GDP) is intra-governmental debt, which is one government institution contracting a debt with another, such as the bonds issued by the Central Government for the capitalization and recapitalization of the Central Bank.
Of this debt the one contracted by the country with multilateral agencies is important, since at 31 July it amounted to US$4.296 billion. Of this amount, the largest part is with the Inter American Development Bank (IADB) which is at US$2.176 billion; with the International Monetary Fund (IMF) with US$829.6 million and with the International Reconstruction and Development Bank of the World Bank, with USZ$930.4 million.
Regarding the bilateral debts, which are government to government, there are the commitments to the Club of Paris which amount to US$5.497 billion and the other bilateral debts amount to US$3.661 billion.
Of the internal debt held by the Dominican Republic is mostly for bonds, which amount to US$2.131 billion and the bonds for recapitalizing the Central Bank which amount to US$2.116 billion.
