BRATISLAVA, August 1, (WEBNOVINY) — The gross foreign debt of Slovakia continues rising. Preliminary data of the National Bank of Slovakia (NBS) shows that Slovakia’s gross foreign debt swelled by 4.5 percent m/m to USD 76.689 billion in April. Compared with a year ago, the gross foreign debt soared 23.6 percent.
Behind the April monthly increase was particularly a 9.3 percent growth of the government’s debt to USD 18.175 billion. The central bank’s debt rose seven percent m/m to USD 21.817 billion while the debt of other entities went up 3.2 percent to USD 11.5 billion. Intercompany loans from direct investments posted a 1.4 percent increase to USD 15.929 billion. Commercial banks were the only sector to report a debt reduction by 2.5 percent to USD 9.23 billion.
In a year-over-year comparison, foreign liabilities of the Slovak government grew the most, by 67 percent. The banking sector saw an increase of fifteen percent and other monitored sectors deepened their foreign debt by 21 percent. The debt in intercompany lending from direct investments was fourteen percent higher. The central bank reported the mildest debt increase of 11.3 percent in the fourth month of this year.
SITA
