Moldovan External Public Debt Increases by 6,9%
OREANDA-NEWS. May 25, 2011. As it was informed in the Ministry of Finance of Moldova, compared to the same period last year, the country's external public debt in January-April this year increased by USD 210.27 million (21,4%).
Increase in debt was due to the excess of receipts of foreign credits over the amount of external debt repayments of USD 26.83 million, as well as changes in the dollar rate against other currencies.
According to the Ministry of Finance, the external public debt at 1 January 2011 was USD 1 billion 116.18 million, and at the end of April last year - USD 982.58 million in 2010, Moldova's foreign debt increased by USD 342.5 million (44 , 3%), amounting to 18,9% of GDP.
Finance Ministry predicts that the external public debt at the end of 2011 will be USD 1 billion 204.6 million and will increase by approximately USD 88.4 million compared with the end of 2010 it is planned that the share of Moldova's foreign debt to GDP at the end of 2011 . Amount to 18,3% and decrease by 0.6 percentage points, compared with the end of 2010.
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