IMF REPS MEET PRESIDENT OF CRO PARLIAMENT COMMITTEE FOR FINANCES

ZAGREB, Oct 30 (Hina) - The execution of the state budget and its revision, which should be passed in the Croatian national parliament in the near future, and the way and goals of passing the projection of the state budget for the next three years were main topics of Monday's talks between members of the International Monetary Fund (IMF) Mission and president of the Croatian parliament House of Representatives' committee for financing and state budget Jadranko Mijalic. Mijalic met representatives of the IMF mission, as a part of regular annual consultations. The IMF mission was headed by Hans Flickenschild, and also present were Riccardo Maggi from the fiscal sector and permanent representative of the IMF in Croatia Gary O'Callaghan, the parliament public relations office said in the statement. The IMF representatives showed particular interest in the way the budgets would be executed, given that a good budget mostly depended on numerous variables and movements at the capital market, the rates of inflation and production which could be foreseen. They also expressed interest in committee's standpoint about a draft bill on amendments to the law on the Croatian National Bank. Mijalic explained the House of Representatives would vote on the projection of the state budget for the next three years, which could be corrected by revisions of the budget for every year. Laws on the execution of the budget would also be passed. Mijalic also informed the IMF representatives of basic reasons for the passing of revision. Mijalic commented on the draft bill on amendments to the law the Croatian Central Bank (HNB), forwarded to the government by the HNB and according to which the central bank could no longer approve loans to the state. (hina) it