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Slovak debt totals €9.5 billion

Slovakia's foreign debt rose during 2002 to Sk110.8 billion (€2.7 billion), equivalent to 9.7 percent of GDP, according to Finance Ministry figures. Domestic debt stood at Sk 277.6 billion (€6.8 billion). The total debt rose by 5.7 percent year-on-year.

Analysts report that this is not a high level of debt for Slovakia.

By the end of this year the government needs to repay Sk46.3 billion (€1.1 billion) of the foreign debt.

Compiled by Conrad Toft from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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