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Budgetary deficit in first 11 months of 2004 stands at EUR1.46 bln

ZAGREB, Feb 11 (Hina) - The consolidated government budget deficit inthe first 11 months of 2004 was 10.95 billion kuna, according to theFinance Ministry.
ZAGREB, Feb 11 (Hina) - The consolidated government budget deficit in the first 11 months of 2004 was 10.95 billion kuna, according to the Finance Ministry.

The deficit was expressed according to the GFS (Government Financial Statistics) 1986 methodology, without capital revenue and on a cash basis.

The consolidated government budget includes, apart from the government, several funds and agencies - the pension and health institutes and the privatisation fund among them.

The revenue plus subsidies of the consolidated government budget in last year's first 11 months was 76.86 billion kuna, while expenditure plus net borrowing was 87.8 billion kuna.

The revenue of the government budget in the first 11 months of 2004 was 70.95 billion kuna, or 86.2 percent of the figure planned by the budget revision, while expenditure plus net borrowing was 78.34 billion kuna, about 90 percent of the planned figure.

The government budget deficit in last year's first 11 months was 7.39 billion kuna.

(EUR1 = 7.5 kuna)

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