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ECONOMIC BRIEFS

Slovakia gross foreign debt soars in first half of 1998

Slovakia's overall gross foreign debt rose to $11.313 billion as of the end of June from $11.217 billion at the end of May. Slovak foreign debt totalled $9.9 billion at the end of 1997. Combined government and central bank debt totalled $2.286 billion at the end of June after $2.252 billion in May. Foreign debt in the financial and corporate sector rose to $8.981 billion at the end of June from $8.918 billion in May. Municipal debt totalled $46 million after May's $47 million. The central bank said overall short-term gross foreign debt totalled $4.689 billion, up from $4.591 billion in May. Overall medium and long-term debt dropped to $6.624 billion in June from $6.626 billion in the previous month. Slovakia's foreign debt per capita rose to $2,100 from $2,082 in May.

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