Ministry of Economy: Bolivia is among the five countries in the world with the lowest public debt

The Bolivian Ministry of Economy said Thursday that Bolivia is among the five countries in the world with the lowest public debt and has the possibility of continuing to obtain external financing.

“Bolivia is among the countries with the lowest public debt and has the possibility of continuing to obtain external financing, thanks to the responsible management of public funds!” , read on its social networks.

According to the data in the report, the five countries with the lowest public debt in 2022 are: Peru (33% of GDP), Chile (38%), Paraguay (41%), Bolivia (46%) and the Netherlands. . (49%).

While countries over 100% indebted are: United Kingdom (103%), France (111%), Spain (112%), Portugal (116%), United States (122%), Italy (145%), Venezuela (158%). %) Greece (177%) and Japan (261%).

According to the ministry, this debt ratio is below the limits recommended by the Andean Community (50%) and the EU’s Maastricht Treaty (60%) since 2006.

notes

And the highest debt growth, both internal and external, occurred in 2020, when it jumped by nine points, going from 36% in 2019 to 45%. On the other hand, the external debt decreased in 2021 by 1.8 points, to go from 33% in 2020 to 31.2%, and this decline will continue in 2022.

As of May of this year, Bolivia’s external debt amounted to $13,327 million and represents only 29.2% of GDP. This is due to the fact that “the Bolivian economy has grown at a faster rate, which has increased its capacity for external financing.” / my dad