In 5 months the national public debt has increased by the equivalent of 11,303 million dollars

The national gross public debt, in pesos and in foreign currency, as of May 31 last year amounted to the equivalent of 374.536 million dollars. It increased by US $ 276 million compared to April, according to data from the Ministry of Finance.

If the comparison is extended to December 2021, in the first 5 months of this year the public debt has increased by the equivalent of 11.303 million dollars due to the extension of the debt with the IMF and the inflation adjustment of the debt in pesos + CER.

The debt to the IMF went from $ 40.952 million in December 2021 to $ 44.839 million at the end of May. Meanwhile, the debt in pesos + CER has gone from the equivalent of 47.437 million dollars to 54.249 million dollars.

In May IThe pesos + CER debt grew by the equivalent of US $ 1,617 million: it went from the equivalent of $ 52.632 million to $ 54.249 million. It is due to the effect of the inflation clause minus the increase in the exchange rate which resulted in an effect of US $ 1,601 million. The rest of the debt in pesos, on the other hand, underwent a decrease in dollars of US $ 1,167 million.

Meanwhile, “over the past 12 months, the stock of gross debt in a normal payment situation has increased by the equivalent of 33.559 million dollars, mainly due to the increase in foreign currency debt by USD 2,094 million and the increase in local currency debt by an amount equal to USD 31,465 million ”, reads the Report of the Secretary of Finance.

If the comparison is extended at the start of the current administration, public debt has increased by the equivalent of $ 61,237 million (from $ 313,299 million at the end of November 2019 to $ 374,536 million at the end of May 2022).

Much of this increase is explained by the pesos + CER bonds which went from the equivalent of $ 21,914 million to $ 54,249 million.

In May, interest was paid for the equivalent of $ 996 million, of which 57% in national currency. The payment of interest to the IMF for 365 million dollars was highlighted.

The national public debt does not include that of the Provinces or that of the Central Bank.

The Report clarifies that “all figures are expressed in their equivalent in dollars, applying the exchange rate of the last business day of the period to convert the residual debts issued and payable into this currency into: pesos, special drawing rights (SDRs) , euro, yen, etc.