El Salvador: Public Debt Reaches 60% of GDP

The government continues to spend more than what it collects, increasing the total public debt, which in 2013 exceeded $14 billion.

Tuesday, February 4, 2014

The balance of the total public debt of El Salvador, which includes the debt of financial and nonfinancial public entities amounted to $14.8882 billion, an increase of 2.7% compared to the previous year.

Of the total, $11,282.5 corresponds to debt taken on by the non-financial public sector and the remaining to debt owed by financial public enterprises and the Central Reserve Bank.

External debt, ie the obligations assumed by the State in international markets amounted to $8.0697 billion, equivalent to 54% of the total.

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