This is largely due to the brutal devaluation of 2018. In 2017 it closed at 53.4%. He lost ANSES and the IMF won.
December 30, 2018
Because of the tremendous devaluation in 2018 and continuous debt from the Government, then public debt, that Cristina and Néstor Kirchner were reduced to 40% of GDP, reaching 95.4%, Its size is practically the same as Gross Domestic Product.
In this way, money is due both internally and externally Soared to US $ 307,656 million. If you enter what is still payable for PBI coupons, will be US $ 320,955 million and jump to 99.5% from Internal Gross Product.
The most worrying is the increase it has had during 2018, since then on the same date in 2017, it was 53.4% of GDP.
In parallel, in just 12 months, debts are devalued with public bodies, like ANSeS (u $ s21,864 million), since most of the assets are in pesos, meanwhile increasing debt with private entities (US $ 8,388 million) and international organizations, such as The IMF, ($ 15.424 million) with the key moment after the IMF disbursement in the final months of the year.
The most worrying thing is that these numbers are far higher than projected by the lead agency Cristine Lagarde, since paper Last June, which supported the agreement with Argentina, public debt can reach 2018 from 57.1 to 64.5% of GDP, then it starts to go down.
To make matters worse, the document presents a "bad scenario", with annual closing of 68.6% of GDP. In the second revision in December, the IMF raised it to 78% of GDP, a amount far lower than what is now being thrown.