Growing Worries Over Guatemala's Public DebtPublic debt has grown rapidly from $2 billion in 1998 to $13 billion in 2013.Thursday, November 7, 2013
This was explained by the president of the Bank of Guatemala, Edgar Barquín, who recommends establishing a debt policy in the country. "In the draft budget for 2014, the amount of debt accumulated by Guatemala will reach $14 billion," reported Prensalibre.com. Source: prensalibre.com ¿Busca soluciones de inteligencia comercial para su empresa?Costa Rica: Public Debt Reaches 39% of GDPMarch 2015 The need to borrow every month in order to pay current account expenses is the main cause of the continuing increase in the central government's debt to GDP ratio. Request for Tax Rise in GuatemalaJune 2014 The president of the Bank of Guatemala has stated that in order to sustain the fiscal debt, the tax burden in the Guatemalan economy will have to rise from 11% today to 14%. Guatemala: Public Debt Could Reach 25.5% of GDPJanuary 2014 The fiscal deficit of 2.3% proposed for the 2014 budget would cause such an increase in the Guatemalan public that could put monetary policy at risk. A Public Debt Law For GuatemalaSeptember 2013 In order to maintain a deficit reasonable and economically sound development in the next few years policies on borrowing are needed.
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