Interest capitalization generated an increase in debt, despite the fact that payments in pesos were the highest in the Milei era.
The total gross debt stock grew at US $ 7,004 million during Augustdespite the fact that the payments of the month exceeded the new placements. It happened by an adjustment of value, explained mainly by the Capitalization of interests in pesosin a month in which the rates extended the upward trend initiated in July.
As reported by Ministry of Economy This Monday, in the eighth month of the year there was a net cancellation of debt of US $ 7,639 million. However, the value adjustments erased that effect, by causing an increase of US $ 14,669 million in treasure liabilities (both in dollars and in local currency).
The latter had its root in the Capitalization of the interests of the LECAPS and other titles for US $ 8,075 million. In addition, the debt in indexed pesos to the evolution of the exchange rate (dollar Linked) and inflation (CER) also increased.
“The greatest debt is explained in large part for some Low of the exchange rate between July and Augustand elsewhere due to higher real rates, “Pedaba told this medium, from PPI.
The liability climbed that in August the central administration made payments for a total equivalent au $20,444 million, of which 85% was carried out in national currency and 15% in foreign currency. The disbursements in pesos were the highest since Javier Milei is president.
With these numbers, the gross debt stock amounted to a total equivalent amount AU $ S454.230 million, of which U $ 451,707 million It is in normal payment. 44% of the normal payment debt is payable in local currency while, the remaining 56%, in foreign currency.
Source: Ambito
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