Czech foreign debt increases to 2.77 billion in third quarter

The Czech Republic’s foreign debt increased by 10 billion crowns to 2.77 billion in the third quarter of this year, accounting for 65.5 percent of gross domestic product, the Czech National Bank said on Tuesday. Year on year, the foreign debt was 293 billion higher. The private sector is responsible for 67.7 percent of the long-term external debt, while public liabilities account for the remaining third. Foreign liabilities of the government sector accounted for 21.6 percent of the total external debt.