Rising public debt concerns industrialists

Santo Domingo.- The Herrera Industries Association (ANEIH) warned Fri. that the International Monetary Fund’s (IMF) recent concern reported in a subtle manner the risks and challenges that for economic policy and stability, that the percentage of consolidated public debt in relation to GDP implies.

ANEIH president, Leonel Castellanos, said the consolidated debt of the public sector recognized by the government stands at 50.4% in relation to GDP, while for the IMF it already reaches 53.1%.

“The levels reached by the public debt are already unsustainable to maintain economic stability, particularly because the country does not have a rational fiscal policy that directs its course in a balanced manner,” the business leader said.

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