You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Bosnia's public debt rises to 39.78%/GDP at end-2016

Author Maja Garaca
Bosnia's public debt rises to 39.78%/GDP at end-2016 Albanian finance ministry/All rights reserved.

SARAJEVO (Bosnia and Herzegovina), May 12 (SeeNews) – Bosnia and Herzegovina's public debt increased 1.18% on the year to 12.1 billion marka ($6.8 billion/6.2 billion euro) at end-2016, equaling 39.78% of its GDP, the state-level government said on Friday.

Foreign debt amounted to 8.53 billion marka at the end of December, while domestic debt totalled 3.55 billion marka, the Council of Ministers said in a statement following its weekly session.

The largest share of external debt, or 33.44%, is owed to the World Bank, followed by the European Investment Bank with a 20.99% share, the International Monetary Fund with 12.25%, the Paris Club with 8.9% and the EBRD with 7.44%.

The country's bigger entity, the Federation of Bosnia and Herzegovina, contributed 54.28% to the overall public debt, the Serb Republic accounted for 45.04%, while the Brcko District had a share of 0.24%. State-level institutions contributed 0.44%.

Bosnia and Herzegovina is made up of two autonomous entities - the mostly Serb-dominated Serb Republic and the mainly Bosniak and Croat populated Federation of Bosnia and Herzegovina, as well as a neutral, self-governing administrative unit, the Brcko District.

(1 euro=1.95583 Bosnian marka)