The force of the people (FP), led by Leonel Fernández, He responded today to President Luis Abinader and assured that the current public debt is not used to pay the one left by the previous governments (from Leonel and Danilo), but to maintain the current government spending.
The Secretary of Economic Affairs of that organization, Daniel Toribio, indicated that this statement of the Head of State does not correspond to the official data issued by the Ministry of Finance.
Yesterday in the weekly with the press at the National Palace, The president said that 80 % of the debt contracted in his management has been to assume commitments left by the governments of the Dominican Liberation Party (PLD).
According to Toribio, between 2020 and 2025 the Dominican government has required an average RD $ 365 billion annually in total financing, equivalent to RD $ 2.2 billion in five years.
Abinader defends his management and ensures that his debt is to settle that of previous governments
Can read: Francisco Javier García: Abinader’s public debt figures are misleading
Toribio said that of that amount, the so -called financial applications, which are the resources used to amortize or refinance previous debts, represent barely RD $ 564 billion, that is, 25.6 % of the total.
“The other 74 %, more than RD $ 1.6 billion, has been used to cover fiscal deficits, pay subsidies and maintain current state spending. It has not been used for infrastructure or productive investment works,” Toribio said.
Amortizations
The former Minister of Finance also stated that a part of these amortizations is debts contracted by this administration, after specifying that contrary to that expressed by Abinader, 80 % of the financing is not dedicated to paying debts from other administrations.
“The reality is that the country continues to be borrowing to sustain its daily budget, not to reduce its debt or to generate sustainable development,” said the organization through its Secretary of Economic Affairs
The economist Daniel Toribio concluded pointing out that the force of the people will continue to insist on a more responsible and transparent fiscal policy, which guides indebtedness towards infrastructure, employment and productivity projects.
PLD
Yesterday the PLD denounced that at the end of July 2025, the consolidated public debt rose to US $ 76,763.8 million, 58.9 % of GDP, which implies an increase of US $ 32,142 million in five years.
Leader
Hours later Abinader responded to that accusation, stating that 80% of the economic resources he has taken as loans during his administration is to settle the debt of the past governments.
“The debt we have taken is to pay and refinance their debt, there are the numbers and dare to discuss it,” he said when he answered the journalists in the National Palace.
Abinader said that during the two periods of Danilo Medina (2012-2020), the non-financial public sector debt increased by 19.9 %, but that during his government it has been the opposite and that it has been reduced by about 3 % of GDP.
