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BRIEF NEWS BULLETIN IN ENGLISH

HR-BUDGET-Politika BRIEF NEWS BULLETIN IN ENGLISH BRIEF NEWS BULLETIN IN ENGLISH NO. 4037HINA Zagreb, 27 June 2001BUDGET REVISION: GOVT MUST SEEK MORE LOANS TO COVER EXPENSESZAGREB, June 27 (Hina) - Decentralisation, the transfer of pensions into the budget, the reduction of privatisation revenues by two billion kuna and the parliament's authorisation for the government to seek additional loans worth 2.8 billion kuna are the main features of a draft revision of the state budget forwarded by the Ivica Racan Cabinet into parliamentary procedure. According to the revision, the government will increase its planned expenditure of 49.7 billion kuna by 17 percent (i.e. 8.46 billion kuna) to 58.1 billion kuna. The planned revenues will increase by 11.3 percent (or 5.6 billion kuna) to 55.3 billion kuna. To cover this budgetary deficit, the government has forwarded into parliamentary procedure draft amendments to the Law on the Execution of the Budget, asking the parliament to give it the green

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