79% of Cyprus public debt is attributed to foreign nationals

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The European Commission’s statistical office released the latest national debt figures, and found that in 2016, Cyprus’s general debt in the government sector was found to be attributed to 79% of non-nationals by non-residents, which was the highest of all members in the EU. Financial institutions and non-financial institutions residents made up 17% and 3.2% of public debt last year respectively. Cyprus’s governmental deficit is currently made up of 33% debt securities and 67% in mortgages and loans.