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Slovakia: Public Debt Quota Exceeds 50% of GDP

Published: January 24, 2013; 19:26 · (Vindobona)

For the first time since 2000, Slovakia´s public debt level exceeds the 50% threshold.

Slovakia: Public Debt Quota Exceeds 50% of GDP / Picture: © Vindobona.org

In the third quarter of 2012, the public debt quota came at 51%. In total, public debt came at at € 37.4bn in October 2012. This was reported by SME daily. In 2011, the public debt quota came at 43%. This corresponded to € 30.0bn.

Until 2008, Slovakia could reduce its public debt quota because of the rapid economic growth rates and the privatizations. After the economic…

This article includes a total of 87 words.

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