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Finance Minister on Croatia's external debt

ZAGREB, April 13 (Hina) - Finance Minister Ivan Suker said on Thursdaythe Croatian National Bank applied monetary measures by which it triedand succeeded to reduce the pace of foreign indebtedness last year,adding that the growth registered in the first three months of thisyear was being slowly reduced.
ZAGREB, April 13 (Hina) - Finance Minister Ivan Suker said on Thursday the Croatian National Bank applied monetary measures by which it tried and succeeded to reduce the pace of foreign indebtedness last year, adding that the growth registered in the first three months of this year was being slowly reduced.

No bad case scenarios should be presented to the public because all macroeconomic indicators are good and Croatia can service its external debt without problems, Suker told reporters.

Asked to comment on today's statement by the central bank warning about a rise in the external debt, Suker said the government planned to reduce the budgetary debt which last year amounted to 4.2 percent of Gross Domestic Product, adding that this year it is expected to amount to 3.3 percent of GDP.

The government decided a year and half ago to take loans on the domestic market, Suker said stressing that the Government had reduced its foreign debt.

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