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Foreign debt moving in right direction Foreign debt moving in right direction Croatian National bank

Foreign debt falls by 3.1 billion Euros in a year

By  Jan 07, 2018

Croatia’s external debt seems to be going in the right direction according to the latest data. At the end of September 2017 the gross foreign debt amounted to 39.4 billion Euros, which is 3.1 billion Euros less than of September 2016.

A study carried out by Raiffeisenbank Austria shows that the external debt of Croatia is slowly falling and that the drop is mainly due to deleveraging from the Croatian government.

The debt as a percentage of GDP stood at 81.5 percent at the end of the third quarter of 2017, which is down from 84.7 percent from the previous quarter. The general government debt and other domestic categories led the way in reducing the overall external debt, each achieving a debt reduction of €1.4 billion over the year.



The Voice of Dubrovnik


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