When this year ends, the Dominican state will have added more than 4,000 million dollars to the amount of what it owed at the beginning of 2025, raising the total of its credit commitments to more than 61,616 million dollars, representing the 48% of GDP.
At the end of 2024, the non-financial public sector (SPNF) owed 57,587.2 million dollars, a figure that until November of this year had risen to 61,616.9 millionrepresenting an absolute increase of 4,029.7 million dollars, equivalent to an increase of 7%.
The data, compiled by the General Directorate of Public Creditestablish that, between January and November of this year, on average, the SPNF borrowed 366.3 million of dollars every montha figure that could increase or decrease, depending on December results.
The State operates with a deficitproduct of which spend more of what it receives from tax collection or other sources, which forces it to finance the shortage by issuing bonuses or loans with multilateral organizations, countries or banks.
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To finance next year’s budget, last week the Senate authorized the Executive Branch to issue debt for up to 401,767.8 million pesos, an amount that at the average exchange rate estimated for 2026, of 66.20 pesos for every dollar, amounts to 6,069 million dollars.
In relation to the gross domestic product (GDP), the NFPS debt increased by 1.7 percentage points from January to November 2025, compared to 2024, going from 46.3 to 48%, according to Public Credit statistics.
Composition
The Government preferred external financial commitments to internal ones this year. The debt contracted outside the country added 4,771.8 million of dollars, increasing from 40,740 million at the end of 2024 to 45,511.8 million of dollars as of November 2025.
However, the internal debt registered a reduction of 742.1 million dollars during the aforementioned period. From 16,847.2 million that the SPNF owed last year, the figure fell to 16,105 million of dollars as of November 2025.
The debt of Dominicans with foreign creditors represents 73.9% of the total, while the internal debt represents 73.9% of the total. 26.1% remaining.
The bonuses They represent the country’s main source of financing. The credits contracted by the State under these instruments in global markets amounted to 35,275.4 million dollars, equivalent to 77.5% of the external debt and 57.2% of the total commitments.
Likewise, in the domestic market83.4% of the debt is contracted in bonuses of the Ministry of Finance, representing 13,432.9 million of dollars.
Bilateral and multilateral
Although to a lesser extent, the multilateral and bilateral debt (that contracted with other countries) of the Dominican Republic totaled 10,182.9 million of dollars as of November 2025, 438.6 million dollars more compared to the end of last year. The figure represented 22.4% of the country’s total financing.
Only the multilateral debtacquired with international organizations, reached the 7,972.7 million dollars, representing 17.5% of the financial commitments. The amount represents an increase of 347 million dollars compared to 7,625.7 million last year.
