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WB urges Croatia to rightsize government, cut grants and improve use of EU funds

ZAGREB, Dec 16 (Hina) - Prospects are slim for Croatia to have again pre-recession growth rates due to the country's structural weaknesses and in order to step up its economic recovery it is crucial for the country to carry out measures on the revenues side, through tax system changes and improvement in EU funds absorption, and it is even more important to reduce budget expenditure and streamline public administration, improve the efficiency and equity of social spending and rationalise subsidies, the World Bank (WB) says in its recommendations to the Croatian government.

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