Photo By: Deborah W. Campos, World Bank
Santo Domingo.- The Dominican State contracted debts of RD$221.7 billion (US$4.03 billion) during the past year, of which 83.6% corresponded to external commitments (RD$185.4 billion) and the rest (RD$36.3 billion) internal.
This was announced by the Minister of Finance, José Manuel -Jochi- Vicente, who reported that 87.4% of the financing plan for 2021 was executed and that the decrease in the need for loans was possible thanks to a timely spending plan.
Likewise, Vicente reported that the fiscal deficit ended last year at 2.7% of the gross domestic product (GDP), equivalent to RD$144.8 b billion.
