Slovakias gross foreign debt rises 0.6% m/m in August 2012.

By bne IntelliNews December 3, 2012
Slovakias gross external debt grew by 0.6% m/m in August 2012 to USD 66.73bn, following a 2% monthly decline in the previous month, preliminary central bank data showed. The increase came as a 5.3% monthly growth in the external debt of the government and a 4.5% rise in the debt of the non-financial sector offset an 8.5% fall in the debt of commercial banks and an 8.3% decline in the debt of the central bnak. On an annual basis, the countrys gross foreign debt dropped by 11.4% as of end-August, driven down by a 45.2% drop in the external debt of commercial banks and a 41.3% decline in the central banks debt, while the governments debt widened by 31.9%.
USD mn Aug-2012 July-2012 Aug-2011 m/m change y/y change
GROSS FOREIGN DEBT - TOTAL 66,733.1 66,331.0 75,301.2 0.6% -11.4%
General government 23,245.1 22,077.8 17,624.1 5.3% 31.9%
--short term debt 509.7 488.2 117.5 4.4% 333.8%
--long term debt 22,735.4 21,589.6 17,506.6 5.3% 29.9%
Central bank 12,154.5 13,249.0 20,716.8 -8.3% -41.3%
--short term debt 11,950.7 13,045.5 20,501.0 -8.4% -41.7%
--long term debt 203.8 203.5 215.8 0.1% -5.6%
Banks 5,888.3 6,433.7 10,738.6 -8.5% -45.2%
--short term debt 2,567.3 3,221.6 6,861.1 -20.3% -62.6%
--long term debt 3,321.0 3,212.1 3,877.5 3.4% -14.4%
Other sectors 10,525.3 10,076.0 10,988.9 4.5% -4.2%
--short term debt 5,558.5 5,391.7 5,813.4 3.1% -4.4%
--long term debt 4,966.8 4,684.3 5,175.5 6.0% -4.0%
Direct investments: intercompany lending 14,919.9 14,494.5 15,232.8 2.9% -2.1%
--short term debt 6,629.3 6,535.3 6,569.2 1.4% 0.9%
--long term debt 8,290.7 7,959.2 8,663.7 4.2% -4.3%

Slovakias gross foreign debt rises 0.6% m/m in August 2012.

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