Belarus rolling down in debt pit

The credit debt of industrial enterprises grew by one third.

As of October 1, 2010, the credit debt of industrial enterprises was 17.5 trillion rubles, which is 21.6% more than a year ago. Prices of industrial products raised by 17.8%, BelaPAN informs.

According to the National Statistics Committee of Belarus, the debt increased by 21% since the beginning of the year; the growth in September was 5%. The external credit debt was 29.2% of the total volume. In comparison with October 1, 2009, the foreign credit debt grew by 48.3%. If compared with the beginning of the year, the increase was 30.3%; the growth in September was 8.4%.

As of October 1, 2010, loan indebtedness was 33 trillion rubles, which is by 24.9% more than the indebtedness a year ago and by 14.3% more than that in the beginning of the year. The growth in September was 3.9%.

The total overdue indebtedness of October 1 was 2.6 trillion rubles demonstrating a 15.9% decrease YoY. The overdue credit debt makes 84.4% of the total overdue indebtedness (it was 85.7% in October 1, 2009).

As of October 1, 2010, the overdue credit debt was 2.2 trillion rubles, or 12.7% of the total volume of the credit debt. In comparison with October 1, 2009, the overdue credit debt decreased by 17.2%. If compared with the beginning of the year, it went down by 3.8%. In September, it increased by 2.5%. 69.8% of industrial enterprises have overdue credit debts.

The total indebtedness of October 1, 2010, was 50.5 trillion rubles demonstrating a 23.7 increase in comparison with the same period last year. The credit debt made 34.7% of the total indebtedness (this figure was 35.3% October 1, 2009).