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GOVT. SPOKESWOMAN ON AUSTERITY MEASURES AND ARRANGEMENT WITH IMF

ZAGREB, Feb 20 (Hina) - A policy of rationalisation, which was incorporated in the state budget for 2001 and which envisages cuts in public spending, is the Croatian government's commitment and not a demand of the International Monetary Fund (IMF), a spokesman for the Croatian Government said on Tuesday. According to a statement spokeswoman Aleksandra Kolaric forwarded to the media today, Prime Minister Ivica Racan's Cabinet has always pointed to the necessity of carrying out a policy of rationalisation. This was obvious in all the important documents the government has drawn up - from the Government's work programme, a memorandum on the economic and financial policy adopted in late 2000, which is the Government's medium-term economic strategy, to its final incorporation in the budget, she explained. Within this rationalisation, the Government envisaged the reduction of and cuts in public spending and t
ZAGREB, Feb 20 (Hina) - A policy of rationalisation, which was incorporated in the state budget for 2001 and which envisages cuts in public spending, is the Croatian government's commitment and not a demand of the International Monetary Fund (IMF), a spokesman for the Croatian Government said on Tuesday. According to a statement spokeswoman Aleksandra Kolaric forwarded to the media today, Prime Minister Ivica Racan's Cabinet has always pointed to the necessity of carrying out a policy of rationalisation. This was obvious in all the important documents the government has drawn up - from the Government's work programme, a memorandum on the economic and financial policy adopted in late 2000, which is the Government's medium-term economic strategy, to its final incorporation in the budget, she explained. Within this rationalisation, the Government envisaged the reduction of and cuts in public spending and thus the reduction of means which would be allocated for salaries, as well as the annulment or reduction of some benefits which some groups of beneficiaries use. For instance, this referred to the benefits for the import of cars which Homeland Defence War veterans could use, but on the other hand, there was stimulation, for the same purpose, for persons who became disabled during the war. As regards the issue of rationalisation, these were not demands of the International Monetary Fund but the policy which the incumbent Croatian government had already declared. It will be a lucky circumstance if the IMF accepts such a government policy, the spokeswoman added. Regarding comments on the alleged loss of Croatia's financial sovereignty with the signing of a letter of intent with the IMF, Ms. Kolaric said those who saw it that way obviously forgot that the former government had signed two agreements of that kind with the IMF, one of which was implemented while the second was not. Kolaric described attempts to compare Croatia with Slovenia as inappropriate as this neighbour did not have political turmoil and enjoyed a peaceful and unimpeded progress. Furthermore, the most developed countries in the world are not free from IMF supervision, and for instance Slovenia also has an arrangement with the IMF on the so-called surveillance, Kolaric concluded. (hina) ms

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