Slovakia's gross foreign debt falls 3.4% m/m in April 2014

By bne IntelliNews July 31, 2014

Slovakia's gross external debt dropped 3.4% m/m to USD 87.72bn as of end-April 2014, following a 2.5% monthly decrease in March, preliminary central bank data showed. The decrease was mainly influenced by a 29.1% monthly drop in the central bank’s debt.

On an annual basis, the country's gross foreign debt climbed 14.4% as of end-April, fuelled by a 39.3% jump in other sectors’ debt, a 36.3% rise in commercial banks’ debt and a 24% growth in the government's debt.

GROSS FOREIGN DEBT          
USD mn 30-April-2014 31-March-2014 30-April-2013 m/m change y/y change
GROSS FOREIGN DEBT - TOTAL 87,720.4 90,840.7 76,698.1 -3.4% 14.4%
General government 38,296.5 38,136.4 30,888.0 0.4% 24.0%
--short term debt 9.3 15.7 107.8 -40.8% -91.4%
--long term debt 38,287.2 38,120.7 30,780.2 0.4% 24.4%
Central bank 8,662.4 12,216.6 12,989.7 -29.1% -33.3%
--short term debt 8,453.3 12,007.7 12,783.8 -29.6% -33.9%
--long term debt 209.1 208.9 205.9 0.1% 1.6%
Banks 7,966.8 7,824.9 5,845.7 1.8% 36.3%
--short term debt 4,346.0 4,126.1 2,928.7 5.3% 48.4%
--long term debt 3,620.8 3,698.8 2,917.0 -2.1% 24.1%
Other sectors 14,912.6 14,828.7 10,705.4 0.6% 39.3%
--short term debt 6,214.9 6,170.2 5,518.4 0.7% 12.6%
--long term debt 8,697.7 8,658.5 5,187.0 0.5% 67.7%
Direct investments: intercompany lending 17,882.1 17,834.1 16,269.3 0.3% 9.9%
--short term debt 6,678.6 6,640.8 6,816.0 0.6% -2.0%
--long term debt 11,203.5 11,193.3 9,453.3 0.1% 18.5%
Source: National Bank of Slovakia          

Related Articles

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Slovak celebration of decent grain harvest marred by sheep’s milk protest

Slovakia’s grain harvest is this year likely to amount to 2.5mn tonnes, 20% down year on year, but comfortably enough to cover domestic needs and leave a million tonnes for export, SITA newswire ... more

Central European and Baltic economies shrugging off political uncertainty

Medium-term economic growth forecasts for Central Europe and the Baltics have been raised by The Vienna Institute for International Economic Studies (wiiw) in a report issued on June 29. The most ... more

Dismiss