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FINANCE MINISTRY ANNOUNCES REVISION OF BUDGET BY 15 JULY

ZAGREB, June 14 (Hina) - Unitl 15 July the state budget will be revisedso as to cut the deficit of the state to the level of 4.5 percent ofGross Domestic Product this year, and this level of the deficitsupports a fundamental goal of a new stand-by arrangement betweenCroatia and the International Monetary Fund, namely the stabilisationof the level of the country's external debt, the Finance Ministry saidin a statement on Monday.

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