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ECONOMIC BRIEFS

Slovakia's foreign debt down to $11.86 billion in September

At the end of September, Slovakia's gross foreign debt was $11.858 billion, down $326 million from the previous month. In August, Slovakia's gross foreign debt was $12.184 billion, up $293 million from July.

Foreign debt per capita thus amounted to $2,201 in September. It was $2,261 in August and $2.207 at the end of July, Pavol Kyjac, head of the Foreign Exchange Liabilities Department at the National Bank of Slovakia (NBS), said on December 7.

Since the beginning of the year, the total foreign debt of the Slovak Republic has climbed by $1.962 billion, which is 26.8% over 1997. At the end of 1996, gross foreign debt was $7.8 billion, while it was $5.8 billion in December 1995. In 1996 foreign debt per capita was $1,473, while it was $1,099 one year earlier.

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