In 4 years, Guatemala's Public Debt will Grow 60%
At the end of 2011 the country will increase its public debt by $ 4,966 million compared to 2007.
Thursday, December 2, 2010
The recently approved budget debt is $ 11,957 million compared to $ 6,991 in 2007.
The speed of government borrowing is threatening economic stability.
Lobo's government has increased the country's domestic debt to $2.4 billion, half of which was incurred between January 2010 and January 2011.
In the first six months of 2013 the Salvadoran government's debt rose by $296.1 million with the country risk increasing 104 basis points.
A poorly developed state budget and unmet income targets are preventing control of the growth of total public debt, which has already reached 57% of GDP.
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