It is the highest figure of internal indebtedness in the last 10 years.
Due to the financing deficit for 2022, which is around USD 10,000 million, the Government plans to opt for internal financing sources, through bonds, for USD 4,734 million. In the same way, it will seek the rest through external financing.
According to the 2022 Budget Proforma, the Government will seek resources in the national market and will place USD 3,682 million in new bonds, but will also renew papers for USD 1,052 million.
These operations would be reported as the highest number of bond issues for domestic debt since 2012.
Until August 2021 (the latest statistics published by the Ministry of Finance), the country’s internal debt reached USD 15,644 million, which is equivalent to 14.8% of GDP and the total public debt reached USD 62,066 million. .
According to the Ministry of Economy and Finance, USD 2,260 million in public debt papers expire at the end of the year, for which the Government will seek to renew a large part.
60% of all the renewals that will take place this year (USD 631.2 million) correspond to operations with private investors and the remaining 40% (USD 420.8 million), with the public sector.
The main public entities with which the State has outstanding bonds are: IESS, Central Bank, Cosede, CFN, ISSPOL, ISSFA and BanEcuador.
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