Wednesday , September 18 2019
Home / argentina / Even in Lagarde’s calculations: Argentina’s public debt already accounts for all GDP

Even in Lagarde’s calculations: Argentina’s public debt already accounts for all GDP



This is largely due to the brutal devaluation of 2018. In 2017, it closed at 53.4%. He loses ANSES and wins the IMF.

December 30, 2018

Due to the huge devaluation of 2018 and the permanent debt of the government, state debt, that Christina and Nestor Kirchner have reduced to 40% of GDP, reached 95.4% It is almost the same size as gross domestic product.

Thus, the money should be both inside and outside He jumped to 307,656 million. US dollars. If you turn on what else is due for the PBI coupon, will amount to 320.955 million US dollars and jump to 99.5% gross domestic product.

The biggest concern is the increase in 2018, because on the same date in 2017, it was 53.4% ​​of GDP.

In parallel, in just 12 months, debt was impaired by government agenciesas in the case of ANSeS ($ 21,864 million), since most of its assets are in pesos, while it increased the debt to private organizations ($ 8,388 million) and international organizations such IMF(US $ 15,424 million) with a key point after the Fund disbursed the funds in the last months of the year.

The most disturbing thing is that these numbers are much higher than those predicted by the agency that leads Christine Lagarde, because paper last June, which approved the agreement with Argentina, government debt can reach 2018 from 57.1 to 64.5% of GDP, then to begin to descend.

Worse, the document presented an “unfavorable scenario”, with annual closure of 68.6% of GDP. In the second review in December, the IMF raised it to 78% of GDP, which is significantly lower than it is now.


Source link