ZAGREB, July 31 (Hina) - Croatia's external debt for the first time exceeded the amount of 12 billion US dollars, and at the end of May it came to $12.354 billion.
ZAGREB, July 31 (Hina) - Croatia's external debt for the first time
exceeded the amount of 12 billion US dollars, and at the end of May
it came to $12.354 billion. #L#
The foreign debt rose by 550 million (4.6 percent) in May as against
April, reported the Croatian National Bank.
Recent trends in the figures reflect also changes in the rate of
exchange of the dollar against the euro, given that about 66 percent
of the entire Croatian foreign debt is in euros, but the figures, as
rule, are expressed in the dollar, the central bank's analysts
noted. That's why the appreciation of the euro helped increase the
amount of the debt.
According to the same source, the biggest contribution to the rise
in the debt was made by debt incurred by the banking sector. Banks'
debt rose by $316 million from April to May.
The debt of other sectors rose by 81 million dollars, while the debt
of the government increased by 73 million.
The government's share in the entire external debt fell from 44.5 to
43.1 percent, totalling 5.331 billion at the end of May.
(hina) ms
the debt was