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Public debt management capacity improved

ZAGREB, March 26 (Hina) - Officials of the Croatian Finance Ministry and the Delegation of the European Commission in Zagreb on Monday presented results of the 19-month EU-funded project "Development of Public Debt Management Capacity".
ZAGREB, March 26 (Hina) - Officials of the Croatian Finance Ministry and the Delegation of the European Commission in Zagreb on Monday presented results of the 19-month EU-funded project "Development of Public Debt Management Capacity".

"The project was financed by the European Union in the framework of the CARDS 2002 Programme in the amount of approximately 900.000 EUR. Parallel the EU funded a supply of a new debt management software system to the Ministry of Finance worth 513.000 EUR" the EC Delegation reported on its web site.

A calendar of budgetary allocations for 2007 was ialso ssued today as part of strategy for the public management debt.

Under the strategy, requirements for the public debt in the 2007-2009 will amount to some 11.8 billion kuna or 4.1 percent of the Gross Domestic Product at average.

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