MEXICAN DEBT LOOMING AS AN EXPLOSIVE PROBLEM
According to figures by Mexico's Treasury
Secretariat, as of March 31, 1995, debt service has
increased in a very significant way:
Total external public debt outstanding (3/31):
$87.5 bn dlls.
Total external debt service payments (1Q):
$ 9.5 bn dlls.
Total internal public debt outstanding (3/31):
$29.4 bn dlls.
Total internal debt service payments (1Q):
$ 3.2 bn dlls.
As a percentage of Gross Domestic Product, in the
last three months the total public debt has
increased from 35 to 52.3%. So despite the upbeat
talk from Mexican and U.S. government spokespeople,
it appears that it's just a matter of time until
the country's debt crisis explodes again.
Source -- MEXPAS: Bulletin # 22, Information
