Colombia's foreign debt in July has risen up to 107.681 million US dollars, reaching 33.3 % of the Gross Domestic Product (GDP) – highest in the country since 1995, reported on Tuesday the Central Bank of the country.
In its report on Financial Markets, Bank of the Republic has informed that the percentage of total external debt to GDP has increased by 7.6 % in July compared with the same month of 2014, when the entire public and private indebtedness has reached 25.7 % of GDP.
If we take into account the February inflation rate of 1.22%, Brazil has accumulated over the last twelve months 7.7%, exceeding the fiscal target set by the government of Rousseff and has reached the worst figures in the last ten years.
Gasoline rose 8.42% last month, ethanol 7.19% and diesel 5.32%, these increases have helped to push overall inflation. Public transport and education have also risen last month. In the regular courses, the monthly rise has accounted to an average of 7%.
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