Spanish
Santo Domingo.- Following the questions from the Dominican Liberation Party (PLD) about the country's debt level, the Government reiterated this Friday that the Dominican Republic continues to be among the nations with the lowest proportion of public debt in relation to its Gross Domestic Product (GDP) in Latin America and the Caribbean, according to data from the International Monetary Fund (IMF) and national organizations.
According to official figures, the Consolidated Public Debt stood at 57.4% of GDP in 2024 and decreased to 56.9% in August 2025, remaining below the regional average. The IMF places the Dominican Republic with a debt level lower than that of countries such as Bolivia (95%), Brazil (87.3%), Argentina (85.3%) and Costa Rica (74.2%).
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The National Palace explained that the reduction in the Debt/GDP ratio responds to the sustained growth of nominal GDP, which between 2021 and 2024 increased by an average of 13%, while debt did so by 7%. In addition, it highlighted the decrease in internal debt, mainly from the Central Bank, by 13.1% during 2024, while external debt increased by 4.7%. The Government assured that the country maintains a debt profile “controlled and responsible”, with a stronger fiscal position than most economies in the region. In response to the PLD's criticisms, President Luis Abinader recalled that nearly 80% of the loans contracted in his administration have been allocated to the payment and refinancing of debts inherited from previous administrations.
