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Economy

Colombia’s debt reached $71B in August 2011

by Toni Peters December 6, 2011

Dinero Money

Colombia’s external debt reached $71 billion in August, equivalent to 21% of the GDP.

The external debt of the South American nation now stands at $71.875 billion, which represents an increase of $10.6 billion compared to August 2010, according to a report from Colombia’s central bank. In August 2010, the debt amounted to $61.28. This year’s is a 17% increase on last year’s.

In August 2011 $41.9 billion of the country’s debt corresponded to the public sector and $29.9 billion corresponded to the private sector, according to the report.

Two months ago, Colombian Congress approved $87 billion of the 2012 budget of which $29.4 billion would go towards servicing the country’s debt. This amount represents 23% of the budget.

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Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion