NewsWhore
02-14-2008, 02:51 PM
Dominican public debt has increased by 15.9% in the last three years, totaling US$8.6 billion in 2007, up from US$7.4 billion in 2004. This represents an absolute increase of US$1.2 billion. According to a report by the Ministry of Hacienda quoted by Listin Diario, 88.3% of the debt corresponds to external debt while 11.7% reflects internal debt. The debt doesn't include Central Bank certified stock, which totals RD$184 billion. In the last year the public debt increased by 2%, going from US$8.4 billion to US$8.6 billion, for an absolute increase of US$170.4 million. The report indicates, furthermore that the ratio of the public debt to the GDP decreased.
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