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
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