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FYROM’s foreign debt increases by 1,8% to 6,7 billion euros

FYROM’s foreign debt increases by 1,8% to 6,7 billion euros
Skopje, 31 August 2016/Independent Balkan News Agency

By Naser Pajaziti

In the first four months of the current year, gross foreign debt in FYROM was 6,7 billion euros or 70,9% of GDP.

This has been made public by the Central Bank in Skopje.

Compared to the first four months of 2015, foreign debt has increased by 1,8%.

The Central Bank says that debt has mostly increased due to the emission of euro bonds by the government in December 2015.

The Central Bank says that there’s a constant growth of debt among public enterprises in order to support road infrastructure.

However, the analysis conducted by the Central Bank indicates that foreign debt is in what is considered to be a safe area. /balkaneu.com/

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