The External Debt of Slovakia as at 30 September 2008
The total gross external debt was USD 53.0 billion (EUR 37.0 billion) as at the end of September 2008. The total long-term external debt decreased by USD 0.5 billion in Augustwhen the total short-term external debt increased by USD 0.7 billion. As to the total long-term external debt in September, the figure for external liabilities in the item Government and NBS decreased by USD 0.5 billion.
As to the short-term external debt, an increase of USD 0.4 billion in short-term external liabilities of the commercial banks was reportedand external liabilities of corporations increased by USD 0.3 billion. The total gross external debt per capita in Slovakia was USD 9,861 at the end of September. The ratio of total short-term external debt to total gross external debt of Slovakia was 51.3 % at
External Debt of the SR
| mil. USD | mil. EUR | |||||
| 31.12.2007 | 31.08.2008 | 30.09.2008 | 31.12.2007 | 31.08.2008 | 30.09.2008 | |
| Total external debt of Slovakia | 44 308,7 | 52 823,3 | 53 045,3 | 30 156,2 | 35 767,9 | 36 963,7 |
| 1) Long-term external debt | 20 709,7 | 26 309,1 | 25 848,3 | 14 094,9 | 17 757,1 | 18 011,9 |
| Government and NBS* | 9 502,4 | 11 307,2 | 10 831,9 | 6 467,3 | 7 656,4 | 7 548,0 |
| Commercial banks | 2 150,8 | 3 167,3 | 3 135,5 | 1 463,8 | 2 144,6 | 2 184,9 |
| Corporations | 9 056,5 | 11 834,6 | 11 880,9 | 6 163,8 | 8 013,5 | 8 279,0 |
| 2) Short-term external debt | 23 599,0 | 26 514,1 | 27 197,0 | 16 061,3 | 17 953,4 | 18 951,8 |
| Government and NBS | 0,0 | 0,0 | 0,0 | 0,0 | 0,0 | 0,0 |
| Commercial banks | 12 095,6 | 13,880,0 | 14 225,5 | 8 232,2 | 9 398,5 | 9 912,8 |
| Corporations | 11 503,4 | 12 634,1 | 12 971,5 | 7 829,1 | 8 554,9 | 9 039,0 |
| Foreign assets | 37 017,4 | 38 821,7 | 40 142,4 | 25 193,8 | 26 287,2 | 27 972,6 |
| Net external debt | 7 291,3 | 14 001,5 | 12 902,9 | 4 962,4 | 9 480,7 | 8 991,1 |
| SKK/USD and SKK/EUR | 22,870 | 20,523 | 21,112 | 33,603 | 30,309 | 30,297 |
| EUR/USD Crossrate | – | 1,469 | 1,477 | 1,435 | ||
Source: NBS
* including government agencies and municipalities
Net external debt, calculated as a deduction of gross external debt in the amount of USD 53.0 billionNBS and Government liabilities, liabilities of commercial banks and liabilities of corporations – excluding capital participation) and foreign assets in the amount of USD 40.1 billion(NBS’s foreign exchange reserves, foreign assets of commercial banks, foreign assets of corporations – excluding capital participation) reached a debtor position of USD 12.9 billion at the end of September 2008and on a month-on-month basis it increased by USD 1.3 billion
Jana Kovacova
Spokesperson of the NBS
National Bank of Slovakia
Communications Section
Imricha Karvasa 1, 813 25 Bratislava, Slovak Republic
Tel.: +421-2-5787 2161,+421-2-5865 2161, +421-2-5787 2166, 421-2-5865 2166
Internet: http://www.nbs.sk
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