Czech Republic’s external debt decreases

The Czech Republic’s external debt in Q3 decreased by 78.8 billion crowns to 1,946 billion, the Czech National Bank reports. This amounts to 50.6 percent of the GDP. The decrease in debt was aided chiefly by a decline in the corporate sector’s external liabilities. External liabilities with an original maturity of more than one year accounted for 76.6% of overall debt liabilities. External financial assets increased by 17.6 billion in Q3, reaching 2,775.2 billion. The year-on-year increase in assets was due to growth in the external assets of the banking sector and Czech direct investment abroad.