80.79% of the government’s total financing needs for the fiscal year 2026 will be used to pay interest on previous loans, according to the General State Budget Law.
The total financing needs for this year will be D$401,768 million, of which RD$324,257 million will be used to pay interest.
Those RD$324,257 million mean that the Government will have to allocate about RD$27 billion monthly for the payment of interest or about RD$887 million daily for that concept.
In terms of GDP, this year’s financing needs are around 4.64% of GDP.
With those RD$401 billion that will be borrowed, the public debt will increase by some RD$305.693 billion, equivalent to US$4.667 billion, and bringing the debt as a percentage of GDP to 60.7%.
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The loans that will be taken this year will be used to amortize the debt, reduce accounts payable, and increase financial assets.
The General State Budget for the year 2026 amounts to RD$1,841,701,394,621.
35.4% of the budget will be focused on the articulation of public goods and services related to the National Development Strategy, as reported.
