ZAGREB, Sept 10 (Hina) - The proposed revision of the national budget will enable a reduction of the deficit and the debt this year, while at the same time no new taxes will be introduced and no efforts will be made to prevent
implementation of any major project that has been agreed, Deputy Finance Minister Damir Kustrak said on Wednesday, presenting the amendments to the national budget in parliament.
ZAGREB, Sept 10 (Hina) - The proposed revision of the national
budget will enable a reduction of the deficit and the debt this
year, while at the same time no new taxes will be introduced and no
efforts will be made to prevent implementation of any major project
that has been agreed, Deputy Finance Minister Damir Kustrak said on
Wednesday, presenting the amendments to the national budget in
parliament. #L#
Income and expenditure will remain as planned, because the revision
envisages a redistribution of 2.45 billion kuna of budgetary funds
to ministries that had unforeseen expenses, he said.
Domestic and foreign borrowing is expected to decrease
substantially following unexpectedly high profits of about 750
million kuna from privatisation this year, Kustrak said, adding
that investment in export, envisaged by the revised budget, would
also contribute to this.
Kustrak said that the revision was necessary to cover the damage
caused by the drought and to encourage employment. He added that 400
million kuna would be earmarked for the consequences of the
drought, about 200 million kuna for employment incentives and
several hundred million kuna for severance pay and outstanding
salaries of employees in the interior and defence ministries and
the armed forces, payment of pensions to people in republics of the
former Yugoslav federation, and reforms in the armed forces and the
judiciary.
About 75 million kuna has been envisaged for this year's
parliamentary elections, and several million kuna would be
redistributed to cover the costs of elections for national minority
councils, the participation of Croatian troops in the peacekeeping
mission in Afghanistan, and firefighting planes.
The amendments are being discussed by parliamentary clubs of
deputies.
(1 EUR = 7.5 kuna)
(hina) vm