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Nicaragua’s Public Debt Increases 5%

In the first six months of 2018, the country’s public debt grew by 5%, going from US$6.487 billion at the end of 2017 to US$6.828 billion at the end of June, according to the Banco Central de Nicaragua (BCN) – Nicaragua Central Bank – for the quarter of 2018.

Of the total public debt, 83% corresponded to public sector debt with external creditors (US$5.6448 billion) and the remaining 17% to debt with the Central Government and Central Bank with the national private sector (US$1.1835 billion).

According to a report by the Central Bank of Nicaragua regarding the composition by debtor, most of the public liabilities correspond to the Central Government (68.2%), followed by the Central Bank (31.0%) and the rest to the Public Sector (0.8%).

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The report adds: “… In the first semester of 2018, Nicaragua’s public sector honored debt of US$7.4205 billion dollars, of which 98.4 percent was destined to paying for domestic debt and the remaining 1.6 percent to external debt payments. Meanwhile, servicing of the total public debt, excluding the payment of short-term bills of the Central Bank, represented 51.7 percent of the tax revenues collected during the same period.”

See full report (In Spanish).

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