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Nonfinancial public sector debt as a percentage of GDP decreased to 27.9%

 

At the end of the first quarter of 2010, the nonfinancial public sector (NFPS) external and domestic debt totaled US$13,239.3 million, decreasing by US$90.4 million compared to December 31st 2009 (US$13,239.8 million). This amount represents 27.9% of the estimated GDP for 2010 of US$47,093.8, which assumes an annual growth rate of nearly 6%, based on the Central Bank estimates by mid-April.

Of the NFPS total debt as of March 31st 2010, 61.9% corresponds to external debt, which presented a balance of US$8,143.5 million, while the remaining 38.1% corresponds to domestic debt, which totaled RD$181,929.5 million (equivalent to US$5,005.9 million). These amounts represent 17.3% and 10.6 of the estimated GDP for 2010, respectively.

For more details, see the Quarterly Report of the Dominican Republic Public Debt - March 2010.