Friday, 04 December 2020

Croatia debt breaks 300 billion Kuna for the first time in history

By  Jul 31, 2020

The Croatian National Bank has published the latest data on government debt, which for the first time in Croatian history, at the end of April, amounted to more than 300 billion Kuna, more precisely 304.9 billion Kuna.

Croatia's debt rose in the midst of the economy's closure due to the coronavirus pandemic, when the state was forced to bail out and support companies and institutions due to the decline in economic activities and measures introduced to save jobs and the overall economy. In April, the government debt increased by more than 6 billion Kuna, from 298.8 billion to 304.9 billion Kuna.

Croatia's government debt was last below 290 billion in May last year. In the second half of 2019, it took off to 297 billion to fall again in early 2020 to 291 billion in January and February. Then came the Covid-19 crisis and at the end of March it amounted to 298.8 billion, and in April it exceeded the mark of 300 billion Kuna.

At the beginning of the first term of the government of Andrej Plenković, in November 2016, the debt amounted to 283.4 billion Kuna.


The Voice of Dubrovnik


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