Of this total, US$12,756 million for all debt with related companies and US$13,889 million for debt maturity restructurings with non-related companies.
According to data published in a press release, between the end of 2015 and 2019, years in which former President Mauricio Macri was in charge of the country, companies increased their external financial indebtedness by 83%, by more than US$21,000. million, reaching a global volume of US$45,045 million.
That period was accompanied by “the scheme of deregulation policies and high domestic interest rates, characteristic of that period, to the detriment of the development of the local capital market,” the institution remarked.
The exchange balance reflected between January 2020 and April 2022 net outflows for the concept “Financial loans, debt securities and lines of credit” for a total of US$14,405 million dollars.
On the other hand, net payments in foreign currency made by companies were considerably lower, reaching US$5,367 million.
“This is so because the concept “Financial loans…” also includes debts for credit card payments abroad, cancellations of financial loans in foreign currency granted by local financial entities and payments of foreign loans. and debt titles of the provinces. This figure of payments also differs for conceptual reasons with the Balance of Payments that differentiates the actors between residents and non-residents, “he explained.
News in development.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
