Debt crises

General government debt in April HRK 120.5 billion

27.08.2010 u 12:18

Bionic
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The general government debt, which includes the foreign and domestic debts of the central government, extra-budgetary users and local government units, at the end of April amounted to HRK 120.55 billion or 35.7 percent of GDP, according to statistical data provided by the Finance Ministry (EUR 1 = HRK 7.27).

The general government debt in April went up 358.8 million kuna from March, a result of an increase in the domestic debt of HRK 405.4 million. The foreign debt was reduced by 46.6 million kuna in relation to March.

The foreign debt of the general government in April was HRK 35.42 billion, and the domestic debt was HRK 85.13 billion.

In the first four months of this year, the total general government debt went up 2.7 billion kuna, and at the end of April it was 2.3 percent higher than at the end of last year.

The share of the general government debt in GDP thus rose from 35.4 percent at the end of last year to 35.7 percent at the end of April.

The central government still accounts for the largest portion of the public debt, amounting to 112.99 billion kuna, while the debt of extra-budgetary users amounts to 5.51 billion kuna and that of local self-government units to 2.04 billion kuna.

In the first four months, the share of the central government debt in the general government debt went up by 2.73 billion or 2.5 percent from the end of last year.

The central government is taking loans mostly on the domestic market, and at the end of April the domestic central government debt was HRK 79.29 billion, 4.82 billion or 6.4 percent more than at the end of last year.

At the same time, in the first four months the central government reduced its foreign debt by slightly more than two billion kuna, from 35.78 billion kuna at the end of last December to 33.7 billion at the end of April.

Total state guarantees at the end of April amounted to HRK 41.2 billion, almost three billion kuna more than at the end of last year. Their share in GDP went up from 11.5 percent at the end of 2009 to 12.2 percent.

The debt of the Croatian Bank for Reconstruction and Development (HBOR) at the end of April was HRK 13.2 billion, 909 million more than at the end of last year. Its share in GDP was 3.9 percent (as against 3.7 percent at the end of 2009).

The total general government debt, state guarantees and the HBOR's debt at the end of March amounted to HRK 174.99 billion, making up 51.8 percent of the estimated GDP, as against 50.6 percent at the end of last year.