December 6 (SeeNews) - Croatia's public debt fell to 287.8 billion kuna ($45.1 billion/38.1 billion euro) in the first eight months of the year, down 0.5% compared with the end-2016 figure, Raiffeisenbank Austria Zagreb (RBA) said Wednesday.
Compared with the end of July 2017, public debt decreased by 0.3% as at end-August, while on a yearly comparison basis it fell 1.0%, RBA said in a daily note, quoting data of Croatia's central bank.
The reductions were mostly due to a decline of the external debt component by 0.9% on the month and 8.0% on the year to 102 billion kuna at the end of August, or 35.4% of total debt.
Taking into account the estimated continued growth of the economy, RBA noted it expects a further reduction of the public debt-to-GDP ratio of some 80%.
(1 euro=7.54459 kuna)