A report from the consulting firm Politikon Chaco provides an overview of the public debt situation in the Argentine provinces during the year 2023
18:33 | Monday June 10, 2024 | La Rioja, Argentina | Fenix Multiplatform
Significant Increase: The provincial public debt reached $17,861,219 million, marking the highest level in a decade, with a real increase of 79.2% compared to the previous year.
Impact of Devaluation: The December devaluation drove the rise, especially since the majority of the debt was denominated in dollars, which resulted in a significant increase in pesos.
Relationship to GDP: Debt represented 9.4% of GDP in 2023, a considerable jump from 5.2% in 2022.
Debt by Jurisdiction: Buenos Aires, Córdoba and CABA had the largest stocks of debt in current pesos, while La Rioja registered the largest relative annual increase with 180.5%.
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