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Slovakia's gross foreign debt in August soared by USD 1.7bn

Slovakia's gross foreign debt increased USD 1.749 billion in August 2011, taking it to USD 75.301 billion. Over the year to August, gross foreign debt increased by more than one quarter, or €15.178 billion, based on data from the National Bank of Slovakia released on Wednesday, November 30, and reported by the SITA newswire.

Slovakia's gross foreign debt increased USD 1.749 billion in August 2011, taking it to USD 75.301 billion. Over the year to August, gross foreign debt increased by more than one quarter, or €15.178 billion, based on data from the National Bank of Slovakia released on Wednesday, November 30, and reported by the SITA newswire.

The foreign debt of the central bank and the liabilities of commercial banks contributed most to the monthly increase, SITA reported, citing the NBS. Foreign liabilities of the National Bank of Slovakia increased by USD 719.1 million from July to USD 20.717 billion and the debt of the banking sector rose by USD 663 million to USD 10.739 billion. Regarding the year-on-year change, the foreign liabilities of the government soared by USD 7.169 billion or almost 70 percent. The banking sector increased its foreign debt by USD 2.618 billion and the central bank’s obligations grew by USD 1.966 billion.

Source: SITA

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

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