As a result of payments to the IMF, public debt fell by US $ 2,000 million in April

Due to the payment of debt installment to the International Monetary Fund (IMF), depreciation due to peso debt inflation not adjusted by the CER, offset by the increase in peso debt due to inflation, in April the gross public national debt was reduced by the equivalent of US $ 2,018 million.

It dropped from US $ 376.278 million at the end of March to US $ 374.260 million at the end of April, according to data from the Ministry of Finance.

Compared to the previous month, the debt in a normal repayment situation – US $ 371,783 million – decreased by the equivalent of US $ 1,975 million: the debt in foreign currency decreased by US $ 2,370 million and the debt in local currency increased by a dollar equivalent of US $ 395 million.

However, in relation to December 2021, in the first 4 months of this year, the public debt it increased by the equivalent of US $ 11,027 million due to the extension of the debt to the IMF and the adjustment for debt inflation in peso + CER.

The debt to the IMF ranged from US $ 40,952 million in December 2021 to US $ 44,658 million by the end of April.

For its part, the peso + CER debt rose in April by the equivalent of US $ 2,995 million, a increased by 6%.

Meanwhile, “in the last 12 months, the stock of total debt in a normal repayment situation has increased by the equivalent of US $ 36,041 million, mainly due to the increase in foreign currency debt of US $ 2,250 million and the increase in local currency debt for the equivalent of US $ 33,791 million ”says the Financial Report.

If the comparison is extended at the beginning of the current administration, public debt increased by the equivalent of US $ 60,961 million (from US $ 313,299 million at the end of November 2019 to US $ 374,260 million at the end of April 2022).

Compared to November 2019, the increase was equivalent to US $ 30,718 million: from US $ 21,914 million to US $ 52,632 million, an increase of 140.2%.

In part, in April canceled interest for the equivalent of US $ 315 million, of which 87% was paid in national currency.

national public debt excluding the Province or the Central Bank.

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

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