Montenegro's public debt grows 20% y/y to 45.1% of GDP in Q1.

By bne IntelliNews May 14, 2012
The public debt of Montenegro surged 19.8 y/y to EUR 1,534.8mn or 45.1% of GDP in March 2012, the finance ministry reported. The debt-to-GDP ratio stood at 39% a year earlier. On a monthly basis, public debt reversed the upward trend from Feb (when it added 4.5% or EUR 67.1mn) and dropped by 0.4% (EUR 5.5mn). Foreign debt, which accounted for 72% of total debt, rose by 23.2% y/y or EUR 209.1mn in nominal terms. Domestic debt also rose considerably in March, registering an 11.7% annual growth. The weights of domestic and foreign debt in total public debt remained at similar levels compared to a year earlier. The finance ministry projects public debt in 2012 to rise to 50.1% of GDP, up from 45.4% in 2011.
Montenegro: Public debt, EUR mn, eop
Domestic debt Foreign debt Public debt Public debt/GDP, % Nominal GDP
2007 275.1 462.1 737.2 27.5 2,680
2008 413 481.7 894.7 29 3,086
2009 440.3 699.9 1,140.20 38.2 2,981
2010 358.3 912.4 1,270.70 40.9 3,104
Jan-11 356.3 901.8 1,258.10 38.4 3273
Feb-11 356.2 902.2 1,258.40 38.4 3273
Mar-11 381.9 899.2 1,281.10 39.1 3273
Dec-11 419.8 1063.7 1,483.50 45.3 3273
2011 419.8 1063.7 1,483.50 45.3 3273
Jan-12 419 1054.2 1,473.20 43.3 3405*
Feb-12 431.3 1109 1,540.30 45.2 3405*
Mar-12 426.5 1108.3 1,534.80 45.1 3405*
Source: Finance ministry, * - projection
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