Czech Republic’s external debt up in 2Q
The Czech Republic's foreign debt increased by 32.2 billion crowns to 1.686 billion in the second quarter and accounted for 48.1 percent of Gross Domestic Product, the Czech National Bank said Thursday. Year-on-year, the foreign debt grew by 65.7 billion, the bank said. Foreign liabilities with maturities longer than one year accounted for 72.8 percent of the total foreign debt in Q2.Growth in external debt was particularly apparent in banking liabilities, the central bank said. The banking sector accounted for 25.4 percent of the total debt.