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Croatia’s Public Debt To Reach Close To 60% Of GDP

Croatian public debt at the end of March this year stood at 181.6 billion kuna (24 billion EUR), which is estimated to be 53.6% of the nation’s GDP, it was reported in the Finance Ministry’s latest Monthly Statistical Review publication.

Croatian National Bank analysts pointed out in the latest Bulletin that the general government debt in the first three months of 2013 increased by 4.2 billion kuna (550 million EUR) to 181.6 billion, and it expected that by the end of the year that it could reach around 199 billion kuna (26 billion EUR), or nearly 60 percent of Croatia’s GDP.

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