NewsWhore
05-09-2007, 07:00 PM
A report issued by the Ministry of Hacienda for the Senate indicates that at the end of the first quarter (31 March 2007), the Dominican foreign debt was US$8,417 million, that is US$38.7 million more than the debt in 2006. Hacienda Minister Vicente Bengoa said that this is 25.6% of the Gross Domestic Product. As reported in Hoy, from January to March, the government received US$242.7 million in disbursements of loans, of which US$138.5 million were used for public works. US$104.2 million financed the National Budget and Balance of Payments. The government is due to pay US$1.15 billion in foreign debt, including US$766.2 million on principal and US$385.1 million for interest payments and commissions. During the first quarter of the year, the government paid US$245.2 million in principal payments and US$120.3 for interest and commissions.
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