Honduras: Public Debt Stands at 41% of GDP

Between January and September this year, the amount of state debt increased by 7.7% compared to the same period in 2013, raising the total amount to $5.065 billion.

Friday, October 31, 2014

Of the total debt, 64% was purchased with multilateral financial loans, 21% with private creditors and 11% with bilateral organizations, says a report by the Ministry of Finance of Honduras.

Latribuna.hn reports that "... According to the Finance Ministry debt servicing in the aforementioned period cost $588.8 million, of which $243.8 million was for the payment of interest and fees. In addition, foreign public debt accounts for 41% of its GDP, 2% higher than in September last year, when it was 39%. "

"... Domestic debt totaled $2.8253 billion, $82.4 million (2.8%) less than in September 2013, when it was $2.9077 billion."

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