We have been monitoring budgetary movements and we will propose the second budget revision in 15 days or in early September, Suker said after a ceremony at which the Croatian Financial Agency (FINA) presented awards to successful companies.
"It remains to be seen whether we will cut some expenditures or increase the deficit, or both," the minister said.
He went on to say that the source for financing the deficit was the factor that would determine the new budget revision, as well as the drafting of the 2010 budget.
Asked whether a part of the deficit would be covered by privatisation, the minister said that at the moment, when shares' prices were 50 percent down, it would not be wise to privatise state-run companies and that there were no plans for the privatisation of any major Croatian company this year.
Suker also said that there were no plans for increasing the existing taxes.
On 3 April, the parliament adopted the first revision of the 2009 budget, reducing revenues from HRK 124 billion to 116 billion and expenditure from HRK 126.9 billion to 121.5 billion.
On that occasion, the government said the 2009 budget had been revised bearing in mind projections such as a 2% GDP drop, a 2.6% inflation rate, a budget deficit accounting for 1.4% of GDP and a consolidated public expenditure deficit accounting for 1.6% of GDP.
The Central Bureau of Statistics (DZS) said on Monday that Croatia's GDP in the first quarter of this year was 6.7% down in real terms from the same period of last year.
"The real GDP drop of 6.7 % is the biggest real decrease since the first quarter of 2000," the DZS said today.