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CROATIAN PARLIAMENT UPPER HOUSE ENDORSES DRAFT STATE BUDGET

ZAGREB, Dec 17 (Hina) - The Croatian Parliament House of Counties at its extraordinary session on Monday endorsed the draft Croatian State Budget for 1997. The MP's also supported the final Bill on implementing the State Budget.
ZAGREB, Dec 17 (Hina) - The Croatian Parliament House of Counties at its extraordinary session on Monday endorsed the draft Croatian State Budget for 1997. The MP's also supported the final Bill on implementing the State Budget. #L# Based on a three-year strategy of fiscal politics, the budget's priorities which were pointed out were development, social care, demographic reconstruction and breathing life into economy, Deputy Finance Minister Mijo Mijic, said. According to proposals from the first reading, the existing budgetary revenues had been increased by 300 million kuna, and 350 million kuna had been reallocated, Jukic said. He said that entertainment funds had been decreased by 10 percent, the purchase of furniture by 10 percent and cars by 50 percent. Grants have been increased for counties by 10 million kuna. As regards comments about debt, Jukic said that Croatia was not in large debt, adding that foreign debt of 4.5 billion dollars made up 43 percent of the gross national product. (hina) lm jn 171552 MET dec 96

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