Tuesday, May 3, 2011

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OUTSIDE IS A 21.1% INCREASE LAST YEAR CITY

The amount paid for redemptions was down U.S. $ 59.8 million


The Accounting Chamber
delivered the report to Members.
SD. At the end of fiscal 2010, 31 December, the balance of the Debt of the Nonfinancial Public Sector was U.S. $ 9946.4 million, up U.S. $ 1731.8 million compared to year-end 2009, an increase of 21.1%.

The data is contained in the Report on Budget Execution and Accountability General State Budget for 2010, deposited by the Accounts Chamber in the National Congress, last week.

According to the report, the result of the evolution of external debt for the period fiscal 2010 had an influence net flows disbursements less repayments positive by $ 886.9 million during fiscal 2010, primarily by the placement of international bonds worth U.S. $ 750 million and disbursements made by the IMF under the Stand by. Quote

also a negative exchange rate changes of $ 37.9 million, resulting from the appreciation of U.S. dollar relative to other currencies.

Details

Revenue Budget and Public Expenditure Act of 2010 appropriated to pay the external debt of non-financial public sector, the sum of RD $ 45,769.5. million, equivalent to U.S. $ 1,207.6 million, distributed as follows: RD $ 28,166.9 million, $ 743.2, were fixed for the payment of amortization, and RD $ 17,602.6 million, U.S. $ 464.4 million for the payment of interest and fees. The total was reduced to RD $ 40,976.3 million, equivalent to U.S. $ 1,115.4, Law 158-10 amended the amount appropriated for these items.

At December 31, 2010 amortization payments were made in the amount of U.S. $ 689.9 million for a 90.0% execution, while for the interest payments figure was U.S. $ 318.1 million, with an execution level of 95.0%, while commissions were paid U.S. $ 13.8 million for a performance of 95.0%.

Comparing service payments of external debt relative to the year 2009, it was found that the amount paid for redemptions during 2010 was lower by U.S. $ 59.8 million, a decrease of 8.0%.

The composition of the External Debt of Non-Financial Public Sector by currency, U.S. dollars is made by 84.3%, while the remaining 15.7% 7.4% involved in special drawing rights, up 6.2% in euro , 1.7% in Japanese yen; and 0.4% in other currencies.


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