ZAGREB, Nov 30 (Hina) - The Croatian Government on Thursday adopted a bill on changes to the 2001 budget, read a statement issued this evening by the Government's public relations office. In relation to the original draft budget,
total expenses will be reduced by 2.5 billion kuna, which means that the total budgetary spending will amount to 49 billion and 720 million kuna. This is the first time the budget in the current year will be nominally lower than the budget in the previous year. Current expenditures (material costs, investment maintenance, different services) and capital expenditures have been reduced, as have been expenditures for some social rights. This constitutes a reduction in the public spending and it is particularly important that the share of public spending in Gross Domestic Product (GDP) has been reduced. Next year's budget will also include lower revenues from privatisation due to trends on the
ZAGREB, Nov 30 (Hina) - The Croatian Government on Thursday adopted
a bill on changes to the 2001 budget, read a statement issued this
evening by the Government's public relations office.
In relation to the original draft budget, total expenses will be
reduced by 2.5 billion kuna, which means that the total budgetary
spending will amount to 49 billion and 720 million kuna.
This is the first time the budget in the current year will be
nominally lower than the budget in the previous year. Current
expenditures (material costs, investment maintenance, different
services) and capital expenditures have been reduced, as have been
expenditures for some social rights. This constitutes a reduction
in the public spending and it is particularly important that the
share of public spending in Gross Domestic Product (GDP) has been
reduced.
Next year's budget will also include lower revenues from
privatisation due to trends on the international market.
The Government has also adopted a bill on changes to the Law on
special taxes on personal vehicles, other motor vehicles, vessels
and planes.
The Government has sent into parliamentary procedure a bill on
civil servants, as the first of bills on the reform of the system of
state administration.
The Government has also decided to sell the Croatian pavilion at the
world exhibition EXPO 2000 in Hannover, the statement said.
(hina) rml