The total consolidated debt of all general government sub-sectors reached HRK 340bn at the end of March 2021, up HRK 10.3bn (or 3.1%) since the end of the previous quarter and up HRK 41.5bn (or 13.9%) since the end of March 2020. This increase was to the greatest extent due to an increase in the foreign debt component in the amount of HRK 15.6bn (or 14.7%) in the first quarter of this year, with the annual increase of HRK 21.3bn (or 21.2%) in the last four quarters.
In relative terms, measured against the annual GDP, the total debt amounted to 91.3% of GDP at the end of March 2021, up by 17.6 percentage points since the end of March 2020 when this share stood at 73.7% of GDP.
The data on the general government debt structure by main debt instruments and maturity are available only for the unconsolidated debt. Long-term debt instruments dominate the maturity structure of this debt: at the end of March 2021 most of the debt was made up of bonds (64.7%), the second by importance were long-term loans (29.1%), and the third were short-term loans and securities (jointly 6.2%). The short-term debt was HRK 9.6bn (or 81.6%) higher at the end of March 2021 than a year ago, while the long-term debt increased by HRK 34.0bn (or 11.8%) in the same period.
Statistical time series: Table I3 General government debt (ESA 2010).
This debt excludes the cross claims of institutions within the same sub-sector and between sectors, the so-called Maastricht debt. ↑
Calculated as the sum of the preceding four quarterly GDP figures. ↑
The unconsolidated debt represents the Maastricht debt increased by cross claims of different units within the general government sector. ↑