SANTIAGO, Chile, Jan. 23 (UPI) -- Rising public debt has again become a central concern for Latin American economies, amid low growth, higher financing costs and an uneven fiscal recovery after the pandemic.
The trend reflects broader regional pressures that mirror a more restrictive global financial environment.
Chile illustrates this dynamic. Public debt reached 43.3% of gross domestic product in September, the highest level in more than four decades, according to the latest report from the Budget Office at the Finance Ministry.
The agency said the increase was driven mainly by new debt issuance, exchange rate movements and a reduced impact from inflation.
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