According to the first available data, the total consolidated debt of all general government sub-sectors reached HRK 340.6bn at the end of June 2021, up by HRK 0.3bn (or 0.1%) since the end of March 2021 and up by HRK 11.1bn (or 3.4%) since the end of June 2020. The annual debt growth was due to an increase in the domestic debt by HRK 5.2bn (or 2.4%) and in the external debt by HRK 5.9bn (or 5.2%). Domestic debt grew by HRK 2.7bn (or 1.2%), while external debt shrunk by HRK 2.4bn (or 2%) from the last quarter.
Measured against the annual GDP, the total debt amounted to 87.4% of GDP at the end of June 2021, and 84.6% of GDP at the end of June 2020, which is an increase of 2.8 percentage points on an annual level, and a decrease of 4 percentage points relative to the previous quarter when this ratio stood at 91.4%.
Data on the structure of general government debt by main debt instruments and maturity is available only for general government unconsolidated debt. Long-term debt instruments dominate the structure of this debt: at the end of June 2021, most of the debt was made up of bonds (64.1%), the second by importance were long-term loans (29.6%), and last were short-term loans, securities and deposits (jointly 6.3%). Short-term debt was lower by HRK 0.4bn (or 1.8%) at the end of June 2021 from end-June 2020, while long-term debt increased by HRK 10.8bn (or 3.5%) in the same period.
Statistical time series: Table I3 General government debt (ESA 2010).
Preliminary data; final data will be available on 21 October 2021 after the Central Bureau of Statistics publishes its Excessive deficit procedure report for the Republic of Croatia. ↑
This debt excludes the cross claims of institutional units within the same sub-sector and between sub-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. ↑