Argentina's debt amounted to 334.8 billion USD in the second quarter

The Ministry of Finance, by Santiago Bausili, published on its website the details of the public debt corresponding to the end of the second quarter of 2019 without the explanatory report on the causes of the main variations.

The gross share of GDP is also not USD 337.267 million or USD 334.8 billion, net of the ongoing restructuring, with bondholders who did not accept the 2005 swaps. , 2016 or 2016. The final agreement of 2016, totaling approximately $ 2,456 million.

Although the Treasury has not yet completed the national accounts statistics with the change in GDP in pesos and dollars, It does not seem daring to estimate this in a quarter from April to June when the dollar price remained relatively stable at around $ 44. and inflation approaching 10%, the level of wealth creation has increased, although in a proportion probably lower than the public debt, says Infobae.

On the contrary, Finance has updated the relationship between the total amount of public debt in foreign currency and the level of foreign exchange reserves at the Central Bank: from 379.4% to 339.1% in the previous quarter.

However, despite this increase, it has decreased by almost 20 percentage points from the previous year's average; and almost 200 percentage points over the proportion at the end of 2015.

But in an economy exposed to cimbronazos on the foreign exchange market, like that which took place in the second half of August; In addition to the uncertainty of economic policy, which led to a significant decrease in reserves, this ratio would have increased to 500%, which is still well below the 582 percentage points recorded four years earlier.

However, the change in the political-economic scenario, following the results of the PASS, has forced the government to announce the re-inflation of the public debt and to put in place a selective control of the currencies.

Among the most remarkable variations observed in comparison with the data of the second quarter of 2018, the following are distinguished: the change in the structure of the main creditors of the National Treasury:

1. IMF: The debt contracted from the agency increased from US $ 14,911 million to US $ 38,940 million, as of the agreement reached in June 2018 and extended three months later;

2. Central Bank: medium and long-term transitional advances to the Treasury increased from the equivalent of US $ 7.028 million to US $ 1.088 million; while short ones fell by $ 1 billion; in total, they have been reduced by approximately 7,000 million USD.

3. Long-term securities: decreased from $ 226,084 million to $ 2,114,827 million; and the shorter ones, which amounted to $ 4.612 million in June 2018, were totally canceled in the first half of the current year;

4. Treasury bills: on the contrary, they rose from 9,829 million USD to 13,735 million USD, ie those issued in the medium and long term; reperfiled with a year-end increased from the equivalent of US $ 18,464 million to just over US $ 23,089 million;

5. Other international organizations: This amount has been reduced from $ 22,988,000 to $ 28,909,000;

6. Other: trade debts decreased to a lesser extent; Treasury notes and guarantees.

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