National debt to September is US$27.B: Central Bank

November 20, 2013•1 Minute
RTC Director RTC Director

Dominican Republic’s debt as of September is US$27.1 billion, according to the Central Bank Website, which denies it’s 50% of GDP as some economists have stated.

It said the debt is 44.9% of GDP, of which “the biggest component is the foreign debt of the public non-financial Sector (NFP),” totaling US$13.8 billion (23% of GDP).

While the Central Bank’s internal and external debt tops US$8.3 billion, the intra-governmental debt (bonds and the Bank’s recapitalization) totals US$3.17 billion.