ZAGREB, Aug 13 (Hina) - Total revenues and receipts in the Croatian state budget amounted to 23.8 billion kuna in the first six months of 1999 and it was 3.72 percent more that in the first half of 1998. The revenue amounted to 18.48
billion kuna from 1 January to 30 June this year or 17.4 percent less than in the that period last year.
ZAGREB, Aug 13 (Hina) - Total revenues and receipts in the Croatian
state budget amounted to 23.8 billion kuna in the first six months
of 1999 and it was 3.72 percent more that in the first half of 1998.
The revenue amounted to 18.48 billion kuna from 1 January to 30 June
this year or 17.4 percent less than in the that period last
year.#L#
Receipts, namely short-term and long-term borrowing abroad and in
the country, were several times higher in the first half of this
year than last year and were 5.32 billion kuna.
The expenditure, including the payment for the capital of loans
amounted to slightly over 23.8 billion kuna, read a report on the
execution of Croatia's budget in the period between 1 January and 30
June 1999, forwarded by the Government to the Croatian National
Sabor this month.
The revenue is consisted 72.83 percent of tax revenues, 4.19
percent of non-tax yields, 0.61 percent of capital revenues and
22.37 percent of receipts.
Tax revenues came to 17.3 billion kuna. The biggest source for this
kind of revenue was Value Added Tax (8.9 billion kuna for the first
six months of 1999).
Special duties brought 2.7 billion kuna in the state budget,
whereas income taxes ensured over two billion kuna. Profit taxes
helped 1.3 billion kuna to flow in the budget, and customs duties
also ensured over two billion kuna.
Non-tax yields were 21 percent lower than in the first half of 1998
and came to 998 million kuna.
Capital revenues gave 144 million kuna to the state.
Receipts in the first half of this year amounted to 5.32 billion
kuna or 1.49 billion kuna more than planned.
Croatia borrowed even 3.1 billion kuna in the first half of 1999
through short-term loans abroad and home, although it planned to
take 32.4 million kuna for the entire year.
Croatia borrowed 1.88 billion kuna from the Frankfurt-based
Dresdner Bank in May and June, and the Croatian National Bank
approved a short-term loan, worth 1.3 billion kuna.
The debt toward the Dresdner Bank will be settled by money obtained
from proceeds in the privatisation in the second half of 1999.
?he long-term borrowing for the budget came to 2.2 billion kuna, and
two billion kuna were the issue of Eurobonds, whereas 180 million
kuna were given by creditors - World Bank, EBRD and CEF.
(One dollar is approxiamtely 7.1 kuna)
(hina) ms