The consolidated public debt of the Dominican Republic is at the close of 2020 at US $ 53,000 million, up 69.2% of Gross Domestic Product (GDP) this year, which implies an increase of 18.7 percentage points of GDP respect for in 2019.
This information is provided in a report by the Central Bank of the Dominican Republic in which it evaluates the economic instruments adopted during the sanitary crisis and its impact on liquidity, interest rates, tax accounts and public endowment.
In an Opinion Page of the financial entity, it indicates that if the nominal GDP and dollars simply hubiese maintained at the 2019 level, one US $ 89,000 million, and more than US $ 79,000 million as estimated in 2020, the debt consolidated public, hubiese located at 59.5% of GDP, one 10 percentage points lower than the registered figure of 69.2% of GDP in 2020.
The document entitled “Economic Policy, Public Debt and Financial Markets in Times of Pandemic”, which deals with the Assessment of the Government and the International Department of the Central Bank, explains the preliminary results that are most contributing factors. the increase in primary deficit due to minor reductions precedes the reduction and paralysis of multiple economic activities as a consequence of the pandemic.
In addition, there are other aspects such as a social guest mayor to protect the population from the sanitary crisis, which provoked an increase in funding and thus, in debt; in addition to the contraction of PIB, product of the social Islam media to moderate the propagation of coronavirus.
También, attributes the public debt to the variation in the type of change caused by the effects of COVID-19 in the generating sectors of divisions such as tourism and exports.
“While the economy is recovering from pre-crisis activity levels, reactive divisions are generating sectors contributing to the stable stability and the governing community to generate primary superpowers, the deuda / PIB ratio is gradually decreasing its sustainability, inform the document of the Central Bank.
The fiscal entity aggregates more than the impact of fiscal behavior and the accounting effects of the variations of the cambio type, the value of gross domestic product to two significant effects in the increase of the public debt.
TASA
Préstamos
El Banco Central offers a private sector of $ 215,000 million (more than 4% of GDP).
Reserves
The current entity contains US $ 12,000 million in reserves, and 15.2% of GDP, to cover 7.4 months of imports.