Foreign obligations declared by the private sector as of June 30, 2013
totaled US$ 71,466 million2. Of this total, US$ 68,663 million corresponded to external debts
of the non-financial private sector (NFPS) and US$ 2,803 million to commitments of the private financial sector3
(SPF).
In the second quarter of 2013, NFPS’ external liabilities increased by about US$1.9
billion. This increase was basically explained by the rise in commercial debts,
in particular imports from the energy sector. Likewise, the increase in
debts for profits and dividends was highlighted.
The stock of external liabilities for debts for imports of goods in the energy sector4 totaled
US$ 5,462 million as of 30.06.13, registering a quarterly increase of around US$ 1,200
million.
External debt for advances and pre-financing of exports of goods totaled a stock of
US$ 6,222 million as of 06/30/13, with a quarterly fall of around US$ 200 million.
After eight consecutive quarters of increases, where there was a cumulative increase of
around US$ 4,000 million, foreign obligations for services registered a fall of around
US$ 80 million during the second quarter of 2013 and reached a level of US$ 8,041 million.
Distributed and unpaid earnings and dividend debt increased by US$764 million during
the second quarter of 2013. The increase was basically registered in the mining sector, which accounted for
65% of the variation.
Despite the increase recorded during the second quarter of 2013, the external
debt of the NFPS decreased year-on-year by about US$ 100 million. This variation was mainly explained
by the falls in financial debts (securities and loans) for about
US$ 1,200 million and by financing of exports of goods for US$ 1,440 million. These
decreases were partially offset by increases in external liabilities for
services by about US$ 2,140 million and other financial debts.
The SPF’s foreign obligations totaled around US$ 2,800 million at the end of the
second quarter of 2013, registering an increase of US$ 175 million during the
period. The increase was due to the increased use of commercial lines of credit. In year-on-year terms
, the sector’s debt decreased by around US$ 1,000 million.
