Colombia’s Public Debt Totals $61 Billion

Colombia’s public debt, as at end August, totaled $60.96 billion, of which $39.75 billion was accounted for by domestic debt and $21.17 billion by external or foreign debt. The finance ministry is projecting total debt of around $62 billion by year-end. The ministry said that the government plans to issue a further $981 million-worth of government TES paper before the end of this year and next year will raise up to $10.35 billion via the sale of the securities, matching the amount issued in 2006.