Government Debt Could Reach 51% of GDP by 2020
If the central government does not control the level of debt that keeps or do not get additional resources, public debt will reach 51.4% as a percentage of Gross Domestic Product (GDP) in 2020.
The interest expense as a percentage of GDP would represent 4.50% by 2020. These are part of the forecast of economists and Fernando Sancho Francisco Rodriguez forat the government on public finances.
To date, the level of doubt as a percentage of GDP is 32.6%, while for 2014 would be 37% to over 50% in 2020. This level of debt would represent a risk to the country and according to the International Monetary Fund (IMF) would imply the possibility of default.
The Costa Rica News (TCRN)
San Jose Costa Rica
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By TCRN STAFF.
Posted on Thursday, November 22nd, 2012. Filed under Costa Rica Headlines. Tags: costa rica economy.
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