Argentina’s external debt amounted to US$276.7 billion in 2022

Argentina’s gross external debt amounted at the end of last year to US$276.694 billion, registering an increase of more than US$3.8 billion with respect to the third quarter of 2022, the National Institute of Statistics and Censuses (INDEC) reported yesterday, Tuesday.

At a year-on-year level, the gross debt “stock” increased 1.4 percent while measured at market value; the rise was 2.4 percent compared to 2021, detailed a report by the state entity.

Most of the country’s financial commitments correspond to the General Government with US$160.69 billion, reporting an increase in the Executive’s debt of around 5.3 percent.

Likewise, “Non-financial corporations, households, non-profit institutions serving households” recorded commitments of US$82.782 billion.

For its part, the debt of the Central Bank of Argentina (BCRA) amounted to US$28.598 billion at the end of 2022, with a year-on-year increase of 3 percent.

Likewise, the financial and deposit-taking companies stand out, with a debt that exceeds US$4.6 billion.

The amount of the central government’s debt is distributed among loans and debt securities, of which US$76.431 billion correspond to commitments with international organizations, more than US$66 billion with security holders, and another US$5.348 billion with official creditors, commercial banks, and suppliers.

At the end of 2022, the International Monetary Fund (IMF) reported a debt of 45,707 million dollars, while the Inter-American Development Bank (IDB) reported a debt of 15,648 million, according to the INDEC report.

Meanwhile, the Central Bank’s debt corresponds mostly to loans and another 6,754 million dollars to Special Drawing Rights (SDR) assigned by the IMF.

According to the state entity, 67 percent of Argentina’s financial commitments are denominated in dollars, 19 percent in SDRs, 4.3 percent in euros, and 2.17 percent in pesos, among other currencies.