The bulk of the increase occurred in the second half of the year, under the Cortizo administration.

The Government chose to issue national and international debt to cover the budgetary needs of 2019 and to settle accounts with banks, Social Security Fund and various government providers that were not included in the balance sheets.

This exercise of balancing outstanding accounts has resulted in an increase in registered debt, which by the end of 2019, will have exceeded 40% of gross domestic product