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Central Government Debt Represented 17.6% of the Projected GDP

Date

2005 06 29

Rating
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Vilnius, June 29, 2005. According to the data presented by the Ministry of Finance, in May the central government debt increased by LTL 57.4 million and in end-month it made up LTL 12.1 billion or accounted for 17.6 % of the projected GDP for the year 2005.

During May the central government domestic debt  expanded by LTL 73.2 million and in end-month it was LTL 3,755.6 million (31.1% of total central government debt). Long-term domestic debt liabilities amounted to LTL 3,633.5 million, short-term liabilities – LTL 122.1 million. The central government was indebted to internal creditors: financial sector – LTL 2,935.7 million, non- financial sector – LTL 433.5 million, other creditors – LTL 386.4 million.

Over the month the central government foreign debt decreased by LTL 15.8 million and on 31 May 2005 amounted to LTL 8,313.9 million (68.9% of total central government debt ). In end-month the central government was indebted to foreign creditors: international organisations – LTL 869 million, foreign government institutions – LTL – 170 million, banks and other financial institutions – LTL 7,274.9 million.

Total long-term central government debt amounted to LTL 11,807 million (97.8% of total debt), short-term – LTL 262.5 million (2.2% of total debt).