The government issues new bonds in the amount of 1000 million dollars

The government also entered the capital market this year, with an issue billions of dollars worth of bondsauthorized by the Cabinet Council, Minister of Economy and Finance Héctor Alexander reported.

This new issue is in addition to last July’s $700 million issue and the $1000 million issue at the end of March.

In addition, Minister Alexander reported on the reopening of the bonds, which depended on market behavior and ultimately yielded $400 million.

“The idea is to secure the resources that we need so that we can very well manage the cash flows that come from the budget commitments that we make,” Alexander said.

And what are those obligations?

The owner said that, on the one hand, it is about the business of the Government, and on the other, it is about the financing of investments.

The manner in which the government grants these external loans has sparked a debate among interested sectors, who criticize that they are used for operational costs.

When supporting the general state budget for 2024, the Minister of Economy assured that starting in 2022, business expenses will not be paid with the money from these loans.

“This year’s loans and others are not used to pay for operations“, stressed the owner, who reminded that this happened in 2020 and 2021, due to the economic crisis caused by the pandemic.

Alexander did not rule out that he will enter the market again, before his term expires on June 30, 2024.

“If the market conditions are good, we will continue to do pre-financing, which are issues that give us the funds to service the debt, which we can have early next year,” he said.

External debt in August of this year amounted to 38,488 million dollars.