Belarus spends $8.8 billion on gross external debt


Belarus spent 8 billion 800 million dollars on the external foreign debt in January-September. The Trade credits and banks’ short-term obligation are not taken into account, BELTA reports.

According to the Belarusian National Bank, the principal was $7.7 billion and the interest – $1.1 billion. As of October 1, 2014, the gross external debt totalled $40 billion 571 million 400 thousand.

The gross external debt is the outstanding amount of those actual current, and not contingent, liabilities that require payments of principal and/or interest by the debtor at some points in the future and that are owed to nonresidents by residents of any economy.

Photo: AFP