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RSS Feed Business25. 08. 10. - 13:00
Croatian government adopts budget rebalancing
Croatian Times
The Croatian government’s rebalanced budget sent to the Croatian Parliament yesterday (Tues) features 4.5 billion fewer kunas (618 million Euros) in revenue than its predecessor.
The government will have 108.3 billion kunas (15 billion Euros) in revenue and 122 billion kunas (16.7 billion Euros) in expenditures.
The budget deficit has increased from a planned 8.6 billion kunas (1.18 billion Euros) to more than 14 billion kunas (1.9 million Euros) or 4.2 per cent of the expected gross domestic product (GDP) in 2010.
Prime Minister Jadranka Kosor claims budget rebalancing is not part of pre-election moves but a means of strengthening the economy and protecting living standards.
She added that budget rebalancing would also ensure extra money for pensions and unemployment and maternity benefits, among other things.
The extraordinary parliamentary session on budget rebalancing will take place on 26 August.
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Tag cloud extra standards Croatian Kosor session revenue kunas Euros maternity rebalancing government economy election pensions money parliamentary strengthening billion extraordinary protecting
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