According to final data, the total consolidated debt of all general government sub-sectors reached HRK 343.6bn at the end of December 2021, down HRK 1.7bn (or 0.5%) from the end of September 2021 and up by HRK 13.2bn (or 4%) from the end of December 2020. The annual debt growth was due to an increase in the domestic debt of HRK 2.5bn (or 1.1%) and in the external debt of HRK 10.7bn (or 10.1%). Domestic debt fell by HRK 1.7bn (or 0.7%), and external debt remained almost unchanged from the previous quarter.
Measured against the annual GDP, the total debt at the end of December 2021 amounted to 79.8% of GDP, a decrease of 7.5 percentage points on an annual level from 87.3% of GDP at the end of December 2020 and a decrease of 2.9 percentage points from the previous quarter, when this share was 82.7%.
The general government debt data structure by main debt instruments and maturity is available only for the general government unconsolidated debt. Long-term debt instruments dominate the maturity structure of this debt: at the end of December 2021 most of the debt was made up of bonds (64.6%), the second by importance were long-term loans (29.2%), and last were short-term loans, securities and deposits (jointly 6.2%). The short-term debt at the end of December 2021 was down HRK 0.9bn (or 3.9%) from the end of 2020, while long-term debt increased by HRK 14.5bn (or 4.7%) during 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. ↑