The amounts of debt in pesos grew above those in foreign currency, which increased by about US$10,000 million during the first eleven months of the year.
In November 2024, the increase in gross debt was equivalent to US$1,705 million compared to the previous month. Since the beginning of the current government, it has increased by about US$90,000 million and the amount corresponding to local currency has risen stronger than that of the dollar account.
Data from the Finance Secretariat of the Ministry of Economy reveal that 81.4% of the gross debt in a normal payment situation corresponds to National Treasury Titles and Bills16.9% are obligations with Official External Creditors, 0.9% are Temporary Advances 2 and the remaining 0.8% are other instruments.
During the last 12 months, The stock of gross debt in a normal payment situation increased by the equivalent of US$38,774 million, due to a decrease in the debt in foreign currency by US$9,954 million and the increase in the debt item in local currency by the equivalent of US$48,728 million.
Nevertheless, So far this year, gross debt grew US$94 million in the first ten months of 2024 and the amount in local currency doubled, going from US$104,000 million in December 2023 to the equivalent of US$208,000 million in November of this year.
image.png
45% is in foreign currency (of which 81% is in dollars, 16% are Special Drawing Rights and 3% are euros) and 55% in local currency (64% adjustable and 36% not).
image.png
In the month of November, The Central Administration made public debt payments for the equivalent of US$9,307 millionof which 87% were made in national currency and 13% in foreign currency. Of the total amount, US$8,153 million were allocated to the payment of capital and US$1,154 million to pay interest.
Compared to the previous month, The debt in a normal payment situation increased by the equivalent of US$1,729 millionrepresenting a monthly growth of 0.38%. The variation is explained by the decrease in debt in foreign currency by US$91 million and the increase in debt in local currency for an equivalent amount in dollars of US$1,820 million.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
