Economy December 18, 2020 - 8:42 am

Dominican public debt could soar to 68.1% of GDP

Santo Domingo.- The Central Bank of the Dominican Republic on Thur. said the level of public debt could close this year at around 68.1% of GDP.

“Currently, the COVID-19 crisis has resulted in a drop in economic activity – estimated with the MEAI (Monthly Economic Activity Index) January-October at -7.7% year-on-year – which, together with the fiscal measures implemented to support companies, households, and workers, have implied budgetary additions that could put the Dominican debt level around 68.1% of GDP at the end of 2020,” it said.

The figures are in a document “Pandemic, economic reactivation and debt sustainability, “published Thursday.

At the end of last year, the level of consolidated public debt was 50.5% of GDP, according to official data.

COVID-19

April 30, 2024 - 10:04 am

SeNaSa hires more than 1,500 doctors

April 26, 2024 - 9:23 am

Pro Consumidor clears rice brands of harmful metals

April 22, 2024 - 1:21 pm

Ney Arias Lora Hospital and CMD appeal ruling

April 15, 2024 - 8:40 am

Cyber attack exposes Covid-19 vaccination records in Dominican Republic

MOST READ

World

Seven countries to contribute mission agents to Haiti

Tourism

Cuba shows interest in exploring opportunities in Dominican tourism

Local

Scientific study reveals oil generation potential in Dominican Republic’s basins

Tourism

Hyatt to add 1,000 rooms in Dominican Republic with two new hotels

MORE NEWS

North Coast

Puerto Plata strengthens its boom in cruise ships: 43 vessels will arrive in May

Tourism

U.S. Consul: “The Dominican Republic is a very safe tourist destination”

Bavaro & Punta Cana

Punta Cana Airport, at the forefront: it will renovate its Terminal A

Economy

Beverage industry provides nearly 60,000 jobs