State Debt Keeps Shrinking.
5 July 2008
As of May 30 direct foreign debt was down by 4.2% year-to-date to $8.34 bn, domestic debt was down by 5% to $3.61 bn and secured debt was down 3.7% to $2.86 bn. Total state debt was $14.81 bn. Alexander Viktorov: We expect renewed domestic borrowing in 2H06 and a $600m-$800m Eurobond this autumn to push total debt back up to $17 bln (15.8% of GDP) by year end.
