He Dominican government announced this Wednesday a reissue of sovereign bonds for 1,600 million dollars, resources that once available would place total debt disbursements this year at 5,533.2 million dollars, which at the average rate of 2025 would amount to 343,328.8 million pesos.
In average terms, the Dominican State received between january and august this year 30,506.9 million pesos per month for debt disbursement, according to the most updated records of the General Directorate of Public Credit. If the amount of the most recent operation of indebtednessthe figure rises to 34,332.8 million pesos.
A press release from Ministry of Finance and Economy affirms that with this last issue “the Government completely covers the needs of external financing corresponding to fiscal year 2025″.
Congress authorized through Law 80-24 of General State Budget 2025 the debt issue for up to 350,990.3 million pesos. However, in an addendum to the budget reformulation project, submitted last August, the Government asked to increase that amount to 361,618.2 million, for an absolute increase of 10,627.9 million pesos.
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Only in external sovereign bonds, the non-financial public sector (SPNF) received this year 4,138.4 million dollars in disbursement, product of a placement carried out last February, amounting to 2,538.4 million dollars, to which is added the amount of the new issue.
Furthermore, the multilateral organizations (he Inter-American Development Bank and the International Reconstruction and Development) disbursed debt resources to the Non-Financial Public Sector (SPNF) for 629.3 million dollars between january and august of 2025.
Another 386.1 million dollars were received for investment projects on the part of the multilateral organizations and bilateral.
Dominican governments have been operating for more than a decade and a half with deficitbecause they spend more each year than they receive in income, a difference that in order to cover they go to the external market and internal capital through the debt issue.
But public debt disbursements are not only limited to external sources. Last July, the Ministry of Finance placed 20,000 million pesos, which at the exchange rate amounts to 334.8 million dollars through internal bonds.
Debt continues to rise
At the end of August, the NFPS debt amounted to 60,182.9 million dollars, an amount that if those received from last Wednesday’s issue were added would add up to 61,782.9 million dollars, according to figures from Public Credit.
The amount of debt of Dominicans remains at growth. In 2024, the country was the eighth largest emitter of sovereign bondsamong 14 Latin American and Caribbean nations, placing 3,030 million dollars in the capital markets through three credit operations.
