Macedonias gross external debt up 8.1% y/y at end-June 2012.

By bne IntelliNews September 30, 2012
Macedonias gross external debt rose by 8.1% y/y to EUR 4.96bn at end-June, according to central bank data. The annual growth decelerated from 10.7% at end-March. In quarterly terms, the debt stock edged down by 0.1% at end-June, reversing a 2.3% increase at end-March. The end-June debt stock corresponds to 63.8% of projected full-year GDP. In annual terms, short-term debt expanded much faster than long-term debt. However, in quarterly terms short-term debt decreased slightly, while long-term debt edged up. The same comparison applies to the public/private debt breakdown. Public debt rose much faster in annual terms, but declined in quarterly terms, while private debt expanded slightly on the quarter. The net external debt rose by 0.2% y/y and 8.5% q/q to EUR 1.26bn at end-June.
Gross external debt, EURmn
6/30/2011 3/31/2012 6/30/2012 % y/y % q/q
GROSS EXTERNAL DEBT 4,585 4,960 4,958 8.1% -0.1%
-Public debt 1,784 2,127 2,106 18.0% -1.0%
-Private debt 2,801 2,833 2,852 1.8% 0.7%
-Short-term debt 1,428 1,705 1,696 18.8% -0.5%
-Long-term debt 3,157 3,256 3,262 3.3% 0.2%
Source: Central bank
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Macedonias 2013 tobacco crop expected to exceed 30,000 tonnes.

Macedonias tobacco crop is expected to increase by 20% to over 30,000 tonnes in 2013, Utrinski vesnik daily reported quoting Danco Mileski, president of the countrys tobacco association. The ... more

Macedonia cancels tender for gas distribution network feasibility study.

The transport ministry has cancelled the tender for preparing a feasibility study for developing the countrys natural gas distribution network, build.mk portal reported. Reportedly, two bids were ... more

Komercijalna Banka wins Global Finance award Best Bank in Macedonia for 2013.

Large-sized commercial bank Komercijalna Banka announced that it has won the award Best Bank in Macedonia for 2013 by the magazine Global Finance. The Macedonian bank wins the award for a 10th ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    6 days ago
  2. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    7 days ago
  3. Russia’s war economy boosted by rising oil prices
    8 days ago
  4. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  5. Russia’s $13.4bn current account surplus in March second highest since 2007
    7 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    24 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    29 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
    27 days ago
  5. UBN: Russia could take the Baltic states in 48 hours
    1 month ago

Reports

Dismiss