Strong increase in public debt in the first half – AIM Digital

In the first half, the public debt in terms of GDP increased by 29.9 percentage points, reaching a level of 87%, the highest since the period 2004-2005, according to the Debt Observatory of l & # 39; Institute. Work and Economy Germán Abdala. This increase is explained by the 12.1% increase in the stock of debt measured in millions of dollars.

The rise of the dollar of the order of 60% so far this year has increased the weight of dollar debt relative to GDP measured in pesos. Among the new foreign currency issues made by different economic agents this year, 93.3% corresponded to the national state, 0.4% to the provinces and 6.3% to enterprises.

In June, the national debt government issued (in pesos and dollars) for the equivalent of $ 5527 million. The investment of 2 billion by the Dual Argentina Nation Bonus 2019 was highlighted, an instrument that pays in line with the devaluation + 4.5% but which guarantees an annual return of 32.92% in pesos. Taking into account the entire second quarter, the national government issued a total of $ 24.219 million, with strong participation of loans in pesos (62 percent of the total). During the year, total debt issuance amounted to $ 49,122 million. [19659004] As a result of the debt cataract problem, total national public sector liabilities are 87% of gross domestic product. In 2015, this number was 52.6%, while the minimum of 38.9% recorded in the post-convertibility period was verified in 2011. In 2003, it was 139.2%. ] Page 12