Government Debt Could Reach 51% of GDP by 2020

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    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.

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    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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