Thursday, 08 February 2024 01:46

What is Public Debt?

Written by karla.dinerocomsv@gmail.com

The Public Debt is composed of monetary obligations that involve all forms, instruments, securities and documents that commit in the same operation reimbursement of capital, interest payments, commissions and/or other specific charges related to the operation in question, both direct and indirect, contracted by the Non-Financial Public Sector, in domestic and/or foreign currency, whose maturity is greater than one budgetary period (1 year).

 

 

The Public Debt may be of several types: Direct (obligations, internal or external, contracted by the State, through the Ministry of Finance); Indirect (obligations, internal or external, contracted by non-financial public enterprises, non-business autonomous institutions and municipalities).

Deuda pública en España - Wikipedia, la enciclopedia libre

The Indirect Public Debt will be guaranteed when it has the guarantee of the State and not guaranteed if it lacks the same.

In addition, the Public Debt may be Internal (obligations arising from issuance and placement of securities of the State and Public Entities in the territory of the Republic of El Salvador and obligations contracted by the State or other non-financial public entities with the BCR, Financial Institutions and other natural or legal persons) or External (monetary obligations representing credit with another State, international organization or with any natural or legal person without residence or domicile in the Republic of El Salvador).

monedas y billetes que se encuentran cerca del departamento de finanzas del  gobierno o del edificio

 

Translated by: A.M