The analysis of public debt on the example of the Republic of Croatia : Graduate paper

Analiza javnog duga na primjeru Republike Hrvatske pokazala je kako je uzroke nastanka javnog duga u Hrvatskoj moguće je promatrati kroz fazu akumuliranja duga, zrelu fazu i fazu konsolidacije koja je aktualna i danas. Riječ je o suzbijanju rasta javnog duga. Nadalje, pokazala je da je javni dug u 2018. godinu u odnosu na 2017. godinu veći za nešto manje od četiri milijuna kuna. No, udio javnog duga u BDP-u u odnosu na 2017. godinu manji je za 3,2 postotna boda. Udio javnog duga u BDP-u na kraju 2018. godine iznosio je 74,6%, što je i dalje daleko više od propisanih 60% od strane Europske unije. Velik dio državnog duga denominiran je u stranoj valuti, a na njega se obračunava uglavnom fiksna kamatna stopa. Visina duga koju je potrebno uplatiti varira po godinama. U strukturi unutarnjeg ali i ukupnog duga najveći dio duga otpada na obveznice. Drugi najznačajniji financijski instrument su trezorski zapisi.The analysis of public debt on the example of the Republic of Croatia showed that the causes of public debt in Croatia can be viewed through the debt accumulation phase, the mature phase and the consolidation phase, which is still relevant today. It is about curbing public debt growth. Furthermore, it showed that public debt in 2018 was slightly less than HRK 4 million higher than in 2017. However, the public debt-to-GDP ratio is 3.2 percentage points lower than in 2017. The public debt-to-GDP ratio at the end of 2018 was 74.6%, still far above the prescribed 60% by the European Union. Much of the sovereign debt is denominated in foreign currency, and is mainly charged with a fixed interest rate. The amount of debt to be paid varies by year. In the structure of internal as well as total debt, most of the debt falls on bonds. The second most significant financial instrument is treasury bills