Kosovo's gross external debt up to 26.7% of GDP at end-March 2013

By bne IntelliNews July 5, 2013

Kosovo’s gross external debt decreased by EUR 67.4mn this year (4.4% quarterly drop) to EUR 1.45bn at end-March 2013, preliminary central bank data showed.

However, the debt increased 8.8% in annual terms to 26.7% of the full-year GDP forecast at end-March 2013, up from 26.2% in the same period last year. 

The external public debt* declined 0.9% q/q to EUR 397.9mn over the period, equalling 7.3% of GDP. Its share in total debt increased to 27.4% from 26.4% at end-2012. The external debt of the government went down 1.1% q/q to EUR 332.8mn, while the c-bank debt edged up 0.2% q/q to EUR 65.1mn

The private sector's external borrowing declined 5.7% q/q to EUR 1bn and accounted for 19.4% of GDP at end-March. Banks' external indebtedness went up 3.5% q/q to EUR 181.7mn. On the other hand,  the liabilities of the non-banking sector tumbled 22% q/q to EUR 273.7.

*External public debt consists of general government and central bank debt.
 

Gross external debt (EUR mn) Q1 2012 Q4 2012 Q1 2013 Change, q/q
TOTAL debt 1,332 1,517 1,450 -4.40%
 Public debt 312.7 401.4 397.9 -0.90%
  - Government 247.4 336.5 332.8 -1.10%
  - Central bank 65.3 65 65.1 0.20%
 Private debt 1,020 1,116 1,052 -5.70%
   - Banks  162 175.6 181.7 3.50%
   - Other sectors  277.1 350.9 273.7 -22%
   - Intercompany lending  580.9 589.7 596.6 1.20%
Source: Kosovo c-bank        
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EIF signs guarantee agreements with 11 banks in Western Balkans, unlocking €750mn for small businesses

The European Investment Fund (EIF), part of the EIB Group, said on April 15 that it has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. These ... more

EIB surpasses investment milestone in the Western Balkans by investing €1.2bn in 2023

EIB Global, the financial arm of the European Investment Bank (EIB) for activities beyond the EU, set a new record by investing €1.2bn in the Western Balkans in 2023, the EIB said on February 9. ... ... more

bne IntelliNews Southeast Europe Outlook 2024

This Southeast Europe Outlook 2024 has been prepared by bne IntelliNews as part of a series of annual reviews providing updates on the geopolitical, macroeconomic and commercial state of ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    8 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    5 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    3 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    2 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss