In the first quarter of this year, the public debt The consolidated economy of the Dominican Republic increased again, this time 5,269.32 million dollars compared to how it closed in 2021. However, it decreased from 62.6 to 60.2% of the gross domestic product (GDP), according to the most recent report published by the General Directorate of Public Credit of the Ministry of Finance.
In the last quarter of last year, the country lowered the public debt consolidated to 59,201.6 million dollars, and in March 2022 it rose to 64,470.9 million dollars, being its highest quarterly amount in the current administration of the Perremeist government, which began on August 16, 2020, according to official figures.
The total consolidated debt of the Dominican Republic is divided into two segments: that of the commitments assumed by the central government with local or international creditors, between these bondholders, countries or multilateral organizations, called the Non-Financial Public Sector, and that of the debt that issued by the Central Bank, which is managed by the Financial Public Sector.
As of March 2022, the public debt The country’s consolidated foreign exchange amounted to 37,318.5 million dollars, being 3,038.23 million dollars more than that registered in the last quarter of 2021.
The public debt Internal consolidated totaled 27,152.4 million dollars, about 2,231.10 million dollars more than at the end of last year, reports Public Credit.
The team from the International Monetary Fund (IMF) that concluded a two-week visit to the Dominican Republic this month recommended in its conclusions that, in the short term, the country’s policy priorities should seek to guarantee the return of the interest rate inflation to the target range and maintain a downward trajectory in the public debtwhile supporting the vulnerable population against the impact of global shocks.
