In 2014 Guatemala's public debt will increase and it will be approximately $14.670 billion, equivalent to 25.5% of the country's GDP, explained Edgar Barquín, president of the Bank of Guatemala.

"... The increase will happen if the fiscal deficit proposed by the Ministry of Finance of 2.3% is realised," he added.

He recalled that "... 2013 closed with total debt of $13.397 billion, equivalent to 24.7% of GDP ...".

"... The country can not carry on with such high debt, therefore a policy must be defined to regulate the fiscal deficit.

Source: prensalibre.com

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