Thursday, March 21, 2019

Gross market debt in downtrend since 2013. Dwindling share mitigates country’s default risk


The share of the gross market debt of the total public debt dropped ten percentage points over the period 2013/2018 and reached 59 percent at the end of last year, driven by the State's growing indebtedness to the Central Bank (BDL), according to the Ministry of Finance's 'Debt and Debt Markets' report for the fourth quarter of 2018.

Gross market debt is the portion of public debt that is held by banks and other private sector lenders. It is computed by deducting from the gross public deb...

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