Foreign debt reaches 4.3 trillion at the end of 1Q

The Czech Republic’s foreign debt increased by 6.7 billion crowns in the first quarter reaching 4.3 trillion at the end of March, which accounts for 76 percent of the GDP, the Czech National Bank said on Monday. Year-on-year, the foreign debt was 167.7 billion crowns lower.

The private sector is responsible for almost three quarters of the external debt. The remaining part consists of public sector liabilities, which include liabilities of the government and private entities guaranteed by the government and debts of companies with majority state ownership. The government sector's share in the external debt was 18.4 percent at the end of March.