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General Government Debt at 44.4% of GDP in Q3

Ljubljana, 29 December (STA) - General government debt stood at EUR 15.88bn at the end of the third quarter of 2011, which represented 44.4% of Slovenia's gross domestic product (GDP). Compared to the end of 2010, it increased by EUR 2.15bn or 5.6 percentage points of GDP, the Statistics Office said on Thursday.

Compared to the end of the second quarter, the consolidated gross debt in the third quarter was down by EUR 6m, and its share of GDP was also down compared to the end of the first quarter, when it stood at 46.1%.

The debt particularly increased at the central government level - from EUR 13.2bn or 37.3% of GDP at the end of 2010 to EUR 15.31bn or 42.8% of GDP at the end of the third quarter of 2011.

At the local level, consolidated gross debt increased from EUR 626m at the end of last year to EUR 635m at the end of the third quarter, which is just below 2% of GDP.

At the level of health and pension purses, consolidated gross debt was up by EUR 52m or 0.1% to EUR 83m or 0.2% of GDP, according to the statisticians.

Long-term debt securities accounted for the bulk of the general government debt (90% or 39.8% of GDP) at the end of the third quarter.

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