ZAGREB, Nov 22 (Hina) - In this year's first nine months, Croatia's state budget made 33.09 billion kuna ($3.72 billion) in revenue and 36.75 billion ($4.13 billion) in expenditure, thus accounting for a 3.66 billion ($411.2 million)
deficit, the Finance Ministry said on Wednesday. The Croatian National Bank estimates the budgetary deficit will increase by another three billion kuna ($337 million) by year's end, owing to the postponed second stage of privatisation of Croatian Telecom. To bridge the deficit on a short-term basis, $400 million will be used from a foreign loan.(hina) ha
ZAGREB, Nov 22 (Hina) - In this year's first nine months, Croatia's
state budget made 33.09 billion kuna ($3.72 billion) in revenue and
36.75 billion ($4.13 billion) in expenditure, thus accounting for a
3.66 billion ($411.2 million) deficit, the Finance Ministry said on
Wednesday.
The Croatian National Bank estimates the budgetary deficit will
increase by another three billion kuna ($337 million) by year's
end, owing to the postponed second stage of privatisation of
Croatian Telecom. To bridge the deficit on a short-term basis, $400
million will be used from a foreign loan.
(hina) ha