Given the increase in the IMF loan and the peso debt adjusted for inflation, in March, public debt increased by the equivalent of US $ 9,731 millionaccording to data from the Ministry of Finance.

“The diversity is explained by the increase in foreign currency debt to $ 6,434 million and the increase of debt in local currency for an amount equal to the dollar of USD 3,297 million”, Indicates the Financial Report. Debt in pesos adjusted for CER (inflation) increased by equal to US $ 4,242 million in March.

“In the third month of the year 2022, the stock of total debt has reached a total amount equal to USD 376,278 million, of which USD 373,758 million is in the normal repayment situation. 31% of the debt in a normal repayment situation will be paid on local currency while the remaining 69%, in foreign currency“.

On the other hand, “in the last 12 months, the stock of total debt in a normal repayment situation has increased by the equivalent of USD 40,768 millionmainly due to the increase in foreign currency debt of USD 5,149 million and the increase in debt in local currency for an amount equal to USD 35,619 million”, Said the report.

“72% of the total debt in a normal repayment situation corresponds to Titles and Letters of the National Treasury21% of the obligations of Official External Creditors 6% corresponds to Interim advancement 2 and the remaining 1% on other instruments.

Thus, in relation to November 2019, the beginning of the current administration, the debt in a normal repayment situation increased by the equivalent of US $ 62,979 million. In foreign currency the increase is $ 8,631 million and in the national currency for the equivalent of US $ 54,348 millionalmost all are in pesos adjusted for inflation.

national public debt excluding the Province or the Central Bank.

On the other hand, “in March interest was paid for the equivalent of $ 280 million, of which 69% is paid in national currency. Payments highlighted BONCER TX24, T2X2, TX23, TC23 and TX22 for a total of $ 18.718 million, ”according to Congressional Budget Office records.

Given the controversy caused by the growth of this debt to the dollar, since the largest increase in debt was in pesos (adjusted by CER), the Report clarified that according to the recommendations of statistical manuals and based on international definitions , the dollar is used as the unit of account to provide comparable and standardized statistics ”.

In this way, “all numbers are expressed in their dollar equivalents, applying the exchange rate of the last business day of the period to convert into said currency the outstanding debts issued and paid in: pesos, special drawing rights (SDR), euro, yen, etc.