Public debt down month-on-month, but up year-on-year

Further economic growth

At the end of January, Croatia’s public debt amounted to HRK 283.7bn, which is HRK 998m (0.4%) less than the month before, but year-on-year, it swelled by 1.2% or HRK 3.4bn, RBA’s analysis reads. Given the expected further economic growth this year – although at a somewhat slower pace – the public debt-to-GDP ratio might continue to shrink, RBA analysts say. According to official statistics, at the end of last year, the debt-to-GDP ratio was 74.6%.

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