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.

Mario Cuevas, president of the National Economic Research Center (CIEN), commented that "the trajectory of debt is unsustainable and seeing the rate at which public debt has increased, this will explode in a few years, so there has to be a correction soon."

More on this topic

El Salvador: Unstoppable Growth of Public Debt

June 2015

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.

According to top analysts from El Salvador, the main cause of the runaway national debt is the lack of planning and transparency with which the national budget is prepared.

El Salvador: Public Debt Grows and So Does Country Risk

August 2013

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.

Estimates by the Central Reserve Bank (BCR), reveal that when comparing June 2013 ($14.5469 billion) to June 2012, state commitments increased by $1.2799 billion, as in June last year $13.267 billion was reported.

Honduras’ Domestic Debt Doubles

February 2012

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.

Between January 2010 and November 2011, the government of President Porfirio Lobo added $1.6 billion to the internal debt, more than half the current total of $2.4 billion.

Risk of Public Debt in Guatemala

June 2011

The speed of government borrowing is threatening economic stability.

Improvements in the way money is spent and not unnecessarily increasing the tax burden seems to be the best options available to the Guatemalan government for solving the problem of growing debt, as recommended by experts in the field.

 close (x)

Receive more news about Public Finance

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Financian software for investment portfolios, mutual and pension funds

Colombian company with more than 30 years in the market develops technological solutions that allow to manage in an integrated and timely way investment portfolios.
Solutions to manage investment portfolios, investment...

Stock Indexes

(Apr 6)
Dow Jones
S&P 500


(May 25)
Brent Crude Oil
Coffee "C"