 |
© Bulgarian National Bank |
As of end-November 2008 gross external debt* was EUR 36,928.6 million (108.6% of GDP**) and increased by EUR 8,074.3 million (28%) against the end of 2007 (EUR 28,854.3 million, 99.8% of GDP). This was mainly due to the increase of Banks’ liabilities (EUR 3,863.1 million, 66.9%). Compared to end-October 2008 (EUR 36 579.8 million) the debt increased by EUR 348.8 million. By end-November 2008 long-term liabilities amounted to EUR 22,758.4 million (61.6% of total debt), and short-term liabilities came to EUR 14,170.2 million (38.4% of total debt).
General Government’s external debt amounted to EUR 2,716.5 million*** (8% of GDP) as of end-November 2008, decreasing by EUR 382.3 million (12.3%) against the end of December 2007. The decrease was mainly due to credit payments made to the World Bank ahead of schedule in March 2008. Compared to end-October 2008 (EUR 2845 million) the sector’s debt decreased by EUR 128.5 million.
External Debt (chart)
Banks’ external debt amounted to EUR 9,633.9 million (28.3% of GDP) increasing by EUR 3,863.1 million (66.9%) against the end of 2007. The sector’s liabilities increase was mainly due to an increase (by EUR 2,504 million) of deposits of non-residents in local banks. Compared to end-October 2008 (EUR 9263.8 million) the sector’s debt increased by EUR 370.1 million. Other Sectors’ debt**** was EUR 12,060 million, increasing by EUR 2,220.6 million (22.6%) relative to the end of 2007. Compared to end-October 2008 (EUR 12,003.7 million) the sector’s debt increased by EUR 56.3 million. As of end-November 2008 the stock of Intercompany Lending3 was EUR 12,518.2 million, increasing by EUR 2,373 million (23.4%) against the end of 2007. Compared to end-October 2008 (EUR 12 467.3 million) the sector’s debt increased by EUR 50.8 million.
* Preliminary data. The data for October 2008 are revised. In accordance with the methodological notes with the December 2008 report the data for November 2008 are to be revised. The methodological notes on the external debt are published on the BNB internet site (www.bnb.bg, section Statistics/Gross External Debt).
** GDP for 2007 (preliminary NSI data) - EUR 28,898 million and GDP for 2008 estimated by the BNB at EUR 34,001 million.
*** Following the resident concept.
**** Due to quarterly reporting of firms October – November 2008 data are subject to revisions.
In January – November 2008, gross external debt service was EUR 5,976 million (17.6% of GDP) against EUR 5,743.6 million (19.9% of GDP) for the same period in 2007.
In January – November 2008, loans and deposits received from non-residents came to EUR 11,464.9 million (33.7% of GDP) compared to EUR 11,132.3 million (38.5% of GDP) for the same period in 2007.
As of end-November 2008, net external debt was EUR 18,167.4 million (53.4% of GDP) and increased by EUR 6,339.9 million (53.6%) against the end of 2007 (EUR 11,827.4 million, 40.9% of GDP).
***
Attachments: Tables: Gross External Debt, in EUR (by institutional sectors); Gross External Debt Service (by institutional sectors) in EUR; Disbursements (by institutional sectors) in EUR
GROSS EXTERNAL DEBT (by Institurional Sectors) (table)
GROSS EXTERNAL DEBT SERVICE (by Institutional Sectors) (table)
DISBURSEMENTS (by Institutional Sector) (table)
*****
To view the original document and the attachments, please click on the links below:
http://reports.aiidatapro.com/BBC/Gross_External_Debt_Nov_2008.pdf
http://reports.aiidatapro.com/BBC/Gross_External_Debt_Nov_2008.xls
http://reports.aiidatapro.com/BBC/Gross_External_Debt_Service_Nov_2008.xls
http://reports.aiidatapro.com/BBC/Gross_External_Debt_Disbursements_Nov_2008.xls
*****
AII Data Processing does not endorse in any way, the views, opinions or recommendations expressed above. The use of the Information is subject to the terms and conditions as published by the original source, which you have to read and accept in full prior to the execution of any actions taken in reliance on Information contained herein.
 | SeeNews SeeNews is a business and financial news and information provider which brings its visitors and customers access to detailed coverage on the fast-growing companies, economies and markets of ten Southeast European nations. |
Search for: report |
Search for: chart |
Search for: credit |
Terms & ConditionsPrivacyCopyrightPublished by All Data Processing. All rights reserved. Created by Ladger.
Gross External Debt Nov 2008.pdf, 67 Kb
