FYROM’s foreign debt amounts to 5,7 billion Euros

FYROM’s foreign debt amounts to 5,7 billion Euros

Skopje, October 2, 2014/Independent Balkan News Agency

By Naser Pajaziti

Macedonian National Bank declared today that foreign debt in the first six months of the year amounts to 5,7 billion Euros or 71,66% of the GDP. According to the Bank, this debt has mainly increased as a result of the loans taken by the government from international financial institutions.

But, the governor of the Bank, Dimitar Bogov says that the level of foreign debt is not worrying.

According to the data, in the second quarter of the year alone, debt has increased by 133 million Euros.

The debt rise has been criticized in many occasions by Macedonian opposition, which blames the government and its irrational spending policies. /ibna/