ECONOMIC BRIEFS

Slovakia's foreign debt down $276 million in November

The gross foreign indebtedness of the nation amounted to $11.909 billion at the end of November 1998, down $276 million in comparison with October. The foreign debt burden per capita fell to $2,211, while one month earlier it sat at $2,262. These figures were released by the National Bank of Slovakia on February 9.

Total gross mid- and long-term foreign liabilities accounted for $6.989 billion within the overall structure of the Slovakia's foreign indebtedness. The total short-term debt equaled $4.920 billion at the end of November. The share of short-term debt on the total Slovakia's foreign debt increased by 0.45% to 41.32% during the monitored period.

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Finance Minister Eduard Heger

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