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Croatia's general govt debt up 0.5% y/y in March

Author Annie Tsoneva
Croatia's general govt debt up 0.5% y/y in March Photo: Croatian central bank, HNB

ZAGREB (Croatia), June 30 (SeeNews) - Croatia's total consolidated debt of all general government sub-sectors reached 342.5 billion kuna ($47.3 billion/45.5 billion euro) at the end of March 2022, down 0.3% from the end of December 2021 and up by 0.5% from end-March 2021, central bank said on Thursday.

The annual debt growth was due to an increase in the domestic debt of 4.1 billion kuna, or 1.9%, and a decrease in the external debt of 2.5 billion kuna, or 2.0%.

Domestic debt fell by 1.6%, and external debt rose by 2.1% compared to the end of the previous quarter.

Measured against the annual gross domestic product (GDP), the total debt at the end of March 2022 amounted to 77.3% of GDP, a decrease of 12.8 percentage points on an annual basis from 90.1% of GDP at the end of March 2021 and a decrease of 2.5 percentage points from the end of the previous quarter, when this share stood at 79.8%.

(1 euro = 7.531 Croatian kuna)

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