Croatia public debt up to 49.5% of GDP as at end-May.

By bne IntelliNews September 6, 2010
Croatia's aggregate public debt, including state guarantees, rose by 1.4% m/m and by 17.2% y/y to HRK 164bn (EUR 22.5bn) as at end-May, accounting for 49.57% of GDP against 47.9% in the previous month, the finance ministry reported. The general government debt rose by 1.2% m/m and by 15.5% y/y to HRK 122bn at end-May. Thus, its share of GDP went up by 5.2pps y/y to 36.8%. The foreign debt rose by 38.6% y/y to HRK 36.2bn as at end-May, while the domestic debt increased by 8% y/y to HRK 85.8bn. The debt of the state development bank HBOR amounted to HRK 13.4bn at end-May, up by 13.1% y/y. The state guarantees reached to HRK 42bn, accounting for 12.7% of GDP.

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