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ECONOMIC-SOCIAL COUNCIL OKAYS GOVERNMENT'S PACKAGE OF MEASURES

ZAGREB, May 23 (Hina) - Croatia's Economic-Social Council on Tuesday assessed a government package of measures would positively affect the economic revival, on condition that it did not result in a significant increase of prices. According to the Council, the new measures are a good stimulant to overcoming the crisis, increasing production, new employment, stability in bringing money into the state budget, and regular payment of pensions. There is no basis for a significant increase in prices, which according to Council president Vitomir Begovic, would disrupt the whole concept of new measures. Begovic conceded representatives of the government, trade unions, and employers had failed to reach consensus on the new measures because some unions remained reserved over the possibility of uncontrolled price growth. "?he biggest responsibility for a possible enormous growth in
ZAGREB, May 23 (Hina) - Croatia's Economic-Social Council on Tuesday assessed a government package of measures would positively affect the economic revival, on condition that it did not result in a significant increase of prices. According to the Council, the new measures are a good stimulant to overcoming the crisis, increasing production, new employment, stability in bringing money into the state budget, and regular payment of pensions. There is no basis for a significant increase in prices, which according to Council president Vitomir Begovic, would disrupt the whole concept of new measures. Begovic conceded representatives of the government, trade unions, and employers had failed to reach consensus on the new measures because some unions remained reserved over the possibility of uncontrolled price growth. "?he biggest responsibility for a possible enormous growth in prices lies with employers, and if that happens, the unions will demand higher net labour prices," Begovic said. He added most social partners agreed the new measures shifted the spending burden on the rich in Croatia. (hina) ha

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