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          

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