Total gross external debt in securities fell to US$269,158 million in the second quarter, from US$270,825 million in April-June last year, according to the National Institute of Statistics and Censuses (INDEC). In addition, the current account of the Balance of Payments closed in the same period of 2021 with a surplus of US $ 2,763 million, slightly below the US $ 2,824 obtained in the same period last year, said the official statistics agency.
The reduction in external debt “is mainly explained by a lower record of debt of the general government (mainly due to amortizations of short-term instruments and transactions of financial instruments in the secondary market) and other financial companies,” INDEC said. In this sense, the decrease was “partially offset by increases in the levels of debt registered by the Central Bank, by deposit-taking companies and by the sector composed of non-financial corporations, households and non-profit institutions at the service of households,” the report concluded.
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