Thursday, 5 November 2020
ZAGREB, Nov 5, 2020 - At the end of July 2020, Croatia's public debt totalled HRK 325.4 billion, up 11.1% from the end of 2019, according to central bank data. Month on month, the public debt decreased 1.3%. The increase was due to the response to the crisis caused by the COVID-19 pandemic, which increased the state's financing needs in the wake of a strong drop in budget revenues resulting from unfavourable economic trends and the financing of job-retention measures, Raiffeisenbank (RBA) analysts say in a comment on the data. They note that the public debt increase at the end of July was…