Net debt in the Slovak economy rose by €300 million in the final quarter of 2011, the central bank (NBS) reported on Wednesday, March 21.
"This deterioration represented 1.9 percent vis-a-vis GDP for the relevant quarter," said NBS as quoted by the TASR newswire. The net debt was 0.9 percent higher quarter-on-quarter, but it fell by 1.8 percent year-on-year. Developments in the fourth quarter were mainly due to financial transactions carried out by public administration bodies. The most significant single factor was a €1.2-billion fall in deposits in Slovak banks, an increase in long-term credit of €700 million received from abroad and a rise of €600 million in issued treasury bills held by domestic financial institutions.
Meanwhile, households and non-profit institutions serving households improved their credit position by €1.2 billion during the quarter.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
22. Mar 2012 at 10:00