The stock of total gross external debt as of December 31, 2023 was estimated at US$285,951 million, US$1,620 million more compared to the previous quarter.
The stock of external debt rose to almost US$285,951 million in the last quarter of the year
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He stock of total gross external debt fell to US$285,951 million as of December 31, 2023, which implies an increase of US$1,620 million compared to the previous quarter, as reported this Monday by the National Institute of Statistics and Censuses (INDEC).
As explained by the entity, the increase was mainly due to the increase of US$4,737 million registered in the sector’s debt. Non-financial corporations, households and NPISHs. Other financial companies also increased their debt by US$20 million.
By contrast, The general government’s debt was reduced by US$2,372 million. The deposit-taking companies, except the Central Bank and the Central Bank, also reduced their external debt positions, by US$542 million and US$222 million, respectively.
The stock of total gross external debt with debt securities valued at market value was estimated in US$242,885 millionwhich showed an increase of US$6,396 million compared to the previous quarter.
On the other hand, the stock of gross external debt of the institutional sector Non-financial corporations, households and NPISHs increased by US$5,064 million, while the debt of the General Government increased by US$2,051 million and the indebtedness of Others financial companies increased by US$29 million.
Deposit-taking companiesexcept the Central Bank reduced their debt to market value by US$525 million and the Central Bank did the same for US$222 million.
Strong current account deficit in 2023
Argentina registered a current account deficit of US$3,420 million in the fourth quarter of 2023which ended the year with a net profit of US$21,494 million.
In 2022, the country concluded with a negative balance in its current account of US$4,290 million and in 2021 it showed a surplus of US$6,645 million.
Source: Ambito
