EXTERNAL DEBT AND ITS EFFECT ON UNEMPLOYMENT

Abstract

In the present investigation we will proceed to analyze the external indebtedness that the country has and how it affects society in the workplace, so that debt is considered one of the most important phenomena that causes a large part of the population to be unemployed and do not have a good quality of life; we can mention that in the past government much was used to what is external financing to cover all government plans, despite the 300 billion dollars that were obtained from income throughout his term, income from oil sales, tax revenues, among others, and to receive the country with a debt of approximately 13 billion dollars which could be reduced to 10 billion dollars through a renegotiation and that at the end of his presidential term this debt amounted to an exaggerated value of 60 thousand million dollars which practically left the country mortgaged for future generations.