Croatia’s public debt reaches 85.9% of GDP in Sept

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Croatia’s public debt came to HRK 286 billion at the end of September, making up 85.9% of the country’s Gross Domestic Product, according to the latest figures released by the central bank (HNB).

Despite the debt’s reduction on the month, it is still growing steadily year on year.

Raiffeisenbank Austria analysts said on Tuesday that at the end of September 2015, the public debt consisting of the central government debt, social welfare funds and local authorities’ debt, was HRK 1.4 billion or 0.5% lower than in August, thus falling for the second consecutive month.

However, it rose by 15.9 billion kuna or by 5.9% compared to the country’s public debt at the end of September 2014.

The analysts say that the month-on-month reduction was on the back of a decreasing debt of the central government.

(EUR 1 =HRK 7.6)

(Hina) ms

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