79% of Cyprus public debt is attributed to foreign nationals

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.


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