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Croatia swings to general government deficit in 2020

Debt

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Croatia swung to a consolidated general government budget deficit of HRK 27.851 billion (EUR 3.7 billion) in 2020, equivalent to 7.4% of the estimated gross domestic product (GDP) for last year, following a surplus of HRK 1.202 billion, or 0.3% of GDP in 2019, the country's statistical office said on Thursday.

The general government budget deficit in 2020 was fueled by a deficit of HRK 21.982 billion, or 5.8% of GDP, in the achieved working balance of the state budget, it said. 

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