General government debt statistics for June 2021

Published: 30/9/2021

According to the first available data[1], the total consolidated debt of all general government sub-sectors[2] 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[3], 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[4]. 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).


  1. 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.

  2. This debt excludes the cross claims of institutional units within the same sub-sector and between sub-sectors, the so-called Maastricht debt.

  3. Calculated as the sum of the preceding four quarterly GDP figures.

  4. The unconsolidated debt represents the Maastricht debt increased by cross claims of different units within the general government sector.