Croatia's debt rises to 82 percent of GDP| MENAFN.COM

Monday, 08 August 2022 04:48 GMT

Croatia's debt rises to 82 percent of GDP

(MENAFN) Local media reported that Croatia's public debt is set to increase to 82 percent of gross domestic product (GDP) by the end of the current year, Xinhua reported.

Economists at Bank of Austria (RBA) projected that Croatia's debt will rise to USD39.5 billion, considering the country's financial deficit and fiscal obligations, hitting an all-time high.

The biggest portion of the debt, USD37.63 billion, or 98 percent, is made by the central government, according to the Croatian National Bank (HNB) released figures.

Out of the total USD38.4 billion debt, around USD23.5 billion, or 61 percent, are loaned from domestic loaners. USD14.9 billion, or 39 percent, are loaned at foreign creditors.

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