BRATISLAVA, July 30, (WEBNOVINY) — Gross foreign debt of the Slovak Republic continued to drop also in April of this year. According to preliminary figures released by the National Bank of Slovakia (NBS), the country’s gross foreign debt dropped further USD 356.9 million from March to USD 62.047 billion in April. Since the beginning of the year, the country’s foreign debt has decreased by USD 1.945 billion. In year-on-year terms however, Slovakia’s foreign debt swelled by USD 7.554 billion.
Behind the monthly drop in Slovakia’s foreign liabilities in April was in particular the central bank. Its liabilities shrank by USD 668.6 million from March to USD 19.609 billion in the fourth month of 2010. The foreign debt linked with inter-company lending within direct investments shrank by USD 141.2 million to USD 13.979 billion. Other monitored sectors posted a moderately m/m drop of USD 17.9 million to USD 9.538 billion.
An increase in foreign liabilities was reported in the government and banks. Bank debt swelled by USD 401.9 million to USD 8.017 billion. The government’s foreign liabilities went up moderately by USD 68.9 million to USD 10.905 billion.
In a year-on-year comparison Slovakia’s foreign debt increased in all monitored segments. The government’s foreign liabilities increased by USD 3.795 billion, banks’ foreign debt surged USD 1.784 billion and the central bank’s debt rose USD 1.167 billion. The foreign debt in inter-company lending within direct investments went up USD 477.1 million and in other sectors by USD 331.1 million.
SITA
