Croatia Q3 Public Debt Falls

Croatia’s public debt to GDP ratio fell to around 85% at the end of the third quarter of 2016, the first year that is expected to see a drop in public debt after its continued rise for eight years, the Croatian Chamber of Commerce, or HGK, said in an analysis Tuesday, eblnews reported. According to Croatian National Bank data, public debt was HRK 289.1 billion ($39.70 billion) at the end of September 2016, which was 1.4 billion less than the previous month and 1.2 billion or 0.4% less than in September 2015, the HGK said. Compared with the end of 2015, public debt in Q3 2016 decreased by HRK 467.4 million.