Macroeconomy/Finance

Public debt climbed to 91% of GDP the highest level in 15 years

Argentina national gross public debt in December amounted to 91% of the Gross Domestic Product, the highest level of the last 15 years (since 118.1% of 2004), according to the Central Bank Monetary Policy Report. The national public debt stock at the end of December rose to $323.2 billion, of which 60% was concentrated in public securities, 25% in loans and 10% in short-term instruments, the report said.

Source: Ámbito