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Argentina: Total public debt increased in March and surpassed $400 billion.

It increased by the equivalent of $16.507 billion compared to February, a 4.3% increase.

Total gross public debt of the National Treasury rose to $403.044 billion in March, of which $400.597 billion are in a normal payment situation. This was reported in a document published by the Finance Secretariat under the Ministry of Economy. It increased by the equivalent of $16.507 billion compared to February, representing a 4.3% increment.

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According to the detailed report, the variation was explained by a decrease in foreign currency debt by $514 million and an increase in local currency debt equivalent to $17.015 billion.

Of the total gross debt in a normal payment situation, 78% corresponds to Treasury Bills and Bonds, 20% to obligations with Official External Creditors, 1% to Temporary Advances, and the remaining 1% to other instruments.

Over the last 12 months, the stock of gross debt in a normal payment situation increased by the equivalent of $4.852 billion, primarily due to a decrease in foreign currency debt by $5.098 billion and an increase in local currency debt by an equivalent amount of $9.950 billion.

In March, for the second consecutive month, obligations under foreign law – external debt – decreased by $547 million, adding to the cut of $1.183 million in February. However, obligations under Argentine law increased by $17.054 billion.

During the first four months of the government, external debt rose by $723 million, while in local currency, due to the devaluation in December 2023, it decreased by the equivalent of $22.973 billion.

At the same time, the balance of debt with international organizations decreased for the second consecutive month by $125 million with the IMF and $234 million with other institutions, as well as with the Paris Club.

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Gabriel Micillo
Gabriel is a certified public accountant graduated from UNNE (National University of the Northeast, Argentina) and a software developer, currently pursuing a Master's degree in Finance and Economics. With nearly 8 years of experience working for accounting firms and brokerage firms. Concurrently, he has produced economic and financial reports on the current state of regional economies for the clients of the establishments where he has worked. Additionally, he assisted colleagues like Ignacio Teson in the drafting and editing of articles on similar topics in English language.
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