The External Debt of Slovakia as at 31 May 2008
The total gross external debt was USD 52.4 billion as at the end of May 2008, or USD 33.7 billion.
The total long-term external debt increased by USD 1.7 billion in May when the total short-term external debt increased by USD 0.5 billion. In the total short-term external debt in May, the foreign liabilities of the commercial sector increased by USD 0.5 billion on a month-on-month basis. The short-term external liabilities of commercial banks increased by USD 0.3 billion, while an increase of USD 0.2 billion was reported in the cash and deposits item.
Regarding long-term external debt, the figure for external liabilities in the item Government and the NBS increased by USD 0.2 billion, and an increase of USD 1.5 billion was that of long-term external debt of commercial sector, of which an increase of USD 1.3 billion was that of long-term loans to corporations.
The total gross external debt per capita in Slovakia was USD 9.735 at the end of May. The ratio of total short-term external debt to total gross external debt of Slovakia was 51.6 % at the end of May 2008, which was a month-on-month decrease of 1.2 of a percentage point.
External Debt of the SR
| mil. USD | mil. EUR | |||||
|---|---|---|---|---|---|---|
| 31.12.2007 | 30.04.2008 | 31.05.2008 | 31.12.2007 | 30.04.2008 | 31.05.2008 | |
| Total external debt of Slovakia | 44 308,7 | 50 145,3 | 52 367,5 | 30 156,2 | 32 216,0 | 33 670,6 |
| 1) Long-term external debt | 20 709,7 | 23 683,4 | 25 350,3 | 14 094,9 | 15 215,5 | 16 299,4 |
| Government and NBS* | 9 502,4 | 10 511,9 | 10 728,6 | 6 467,3 | 6 753,4 | 6 898,1 |
| Commercial banks | 2 150,8 | 2 578,2 | 2 692,8 | 1 463,8 | 1 656,4 | 1 731,4 |
| Corporations | 9 056,5 | 10 593,4 | 11 928,9 | 6 163,8 | 6 805,7 | 7 669,9 |
| 2) Short-term external debt | 23 599,0 | 26 461,9 | 27 017,2 | 16 061,3 | 17 000,5 | 17 371,2 |
| Government and NBS | 0,0 | 0,0 | 0,0 | 0,0 | 0,0 | 0,0 |
| Commercial banks | 12 095,6 | 13 549,6 | 13 843,8 | 8 232,2 | 8 705,0 | 8 901,1 |
| Corporations | 11 503,4 | 12 912,3 | 13 173,4 | 7 829,1 | 8 295,5 | 8 470,1 |
| Foreign assets | 37 017,4 | 41 810,3 | 42 649,1 | 25 193,8 | 26 861,1 | 27 422,0 |
| Net external debt | 7 291,3 | 8 335,1 | 9 718,4 | 4 962,4 | 5 354,9 | 6 248,6 |
| SKK/USD and SKK/EUR | 22,870 | 20,712 | 19,444 | 33,603 | 32,239 | 30,241 |
| EUR/USD Crossrate | – | 1,469 | 1,557 | 1,555 | ||
Source: NBS
* including government agencies and municipalities
Net external debt, calculated as a deduction of gross external debt in the amount of USD 52.4 billion (NBS and Government liabilities, liabilities of commercial banks and liabilities of corporations – excluding capital participation) and foreign assets in the amount of USD 42.7 billion (NBS foreign exchange reserves, foreign assets of commercial banks, foreign assets of corporations – excluding capital participation) reached the debtor position of USD 9.7 billion at the end of May 2008.
Jana Kováčová
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
http://www.nbs.sk
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