SANTO DOMINGO.- The nonfinancial public sector (SPNF) debt, including the internal and external obligations is US$13.97 billion at the close of August, the Central Bank affirmed Monday, while that of the consolidated public sector is US$18.1 billion.

It said 97.6% of that figure, or US$13.6 billion, is the central Government debt and the remaining 2.4% forms part of the debt of the so called Rest of the Nonfinancial Public Sector.

The Central Bank estimates a SPNF yearend debt of around 28.5% of the GDP (18.5% external debt and 10% internal debt), barely 0.1% of the GDP higher than the close of 2009.

It said the current SPNF component of the foreign debt pertains mainly to the official multilateral and bilateral debt (75.6%), which generally is financing under softer conditions, or lower rates and longer terms, while the debt with private creditors such as the banks or the holders of Dominican bonds, at the close of August reached 24.4% of the total.

It added that during the Administration’s term in office a favorable change in the foreign debt’s composition has occurred, which allows greater ease and flexibility, reduces financial costs and contributes to long term sustainability.