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Croatia to reduce public debt to 75 pct of GDP by end of 2019

Xinhua, January 27, 2017 Adjust font size:

The Croatian government on Thursday adopted a plan aiming to reduce its public debt to 75.3 percent of gross domestic product (GDP) by the end of 2019.

The plan included economic growth, further reduction of the budget deficit, and activating state assets, said Croatian finance minister Zdravko Maric.

This year, public debt was expected to fall to 81.5 percent of GDP, down from 83.9 percent in 2016, according to Maric.

The government planned to issue some 30 billion kuna's (4.28 billion U.S. dollars) worth of domestic bonds to refinance a debt repayment of 5.5 billion kuna due at the beginning of February. Endit