LOWER HOUSE DISCUSSES DEVELOPMENT & RECONSTRUCTION BANK REPORT

( Editorial: --> 3779 ) ZAGREB, June 25 (Hina) - The House of Representatives ended its sitting on Thursday with a short discussion on the Croatian Reconstruction and Development Bank's (HBOR) 1997 annual report and proposed changes to the Law on Executing the State Budget. Finance Minister Borislav Skegro told the Croatian National Parliament's lower chamber that the budget changes proposed increasing state guarantees for borrowing from US$156 million to US$546 million. Presenting figures on the HBOR's activities last year, management board chairman Anton Kovacev said that its expenditures amounted to US$9 million and income US$31 million, enabling US$17 million for reserves. (Hina) mbr jn 260002 MET jun 98