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What is Public Debt?

Public Debt is any financial obligation (such as bonds or loans) assumed by the government, where it agrees to make interest and principal payments on certain dates.

Public or government debt includes the debt of the Department of the Treasury, the Central Bank and Corfo. There is also foreign debt related to sovereign bonds issued abroad, and government notes in US dollars the government owes the Central Bank, and notes issued by the Central Bank (PRC, BCP, BCU, and BCD, among others).

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