Outstanding Central Government Debt increased by €3.10 billion in 2013, reaching €18.15 billion at the end of 2013 from €15.04 billion at the end of 2012, according to provisional figures included in the quarterly bulletin of the Public Debt Management Office of the Ministry of Finance.
According to data released on Friday and not including intra liabilities of the central government, the public debt rose in the fourth quarter of 2013 by €70 million compared with the third quarter of the year, when the debt stood at €18.08 billion.
Moreover, according to the data on the evolution of public debt, from 2000 to 2013, the Central Government debt increased by about €12 billion.
According to the Ministry, the third disbursement from the European Stability Mechanism was completed at end December for €100 million. This tranche will be repaid in 2029.
The International Monetary Fund also executed its third tranche under the Extended Fund Facility for Cyprus with about €83 million disbursement in December.
During the same month loan disbursements for infrastructure projects from the European Investment Bank and the Council of Europe Development Bank were completed amounting to €26 million.
The issuances and rollovers of short term securities continued throughout the quarter.
The weighted average cost for Treasury Bills fell slightly from 4,81% at the end of the previous quarter to 4,72 % by the end of the year.
The stock of short term debt, in form of Treasury Bills and Euro Commercial Papers, was reduced from €854 million at the start of the quarter to €755 million at its end.