Croatia's budget deficit in January-November 2015 at HRK 5.7bn

In the first eleven months of 2015 Croatia's budget revenues reached HRK 98.5 billion and expenditures HRK 104.2 billion, the deficit amounting to HRK 5.7 billion, provisional data from the Ministry of Finance show.

November 2015 recorded a budget surplus of about HRK 500 million as revenues increased by 17 per cent year on year to HRK 10.2 billion and expenditures were reduced by 2.4 per cent to HRK 9.7 billion. Revenues from VAT reached HRK 3.87 billion, an increase of about 800 million compared with November 2014.

In January-November 2015, compared with the same period of 2014, VAT revenues rose by HRK 2.7 billion, or 7.2 per cent, to HRK 40.215 billion, and the budget gap was reduced by 34.8 per cent.

Last update: Mon, 18/01/2016 - 10:18


More from Business

Facebook to build data centre in Denmark

The Danish city of Odense and social media giant Facebook announced on Thursday the city was to host a new European...

Freight train from China crosses 12,000 kilometres to London

The first Britain-bound freight train from China arrived in London on Wednesday, completing an 18-day trip across...

US prosecutors finalize 7.2-bln-dollar settlement with Deutsche Bank

The US Justice Department announced a 7.2-billion-dollar settlement Tuesday with Deutsche Bank over allegations that...

General Motors announces 1-billion-dollar investment in US workforce

General Motors will join other carmakers in opting to invest and hire inside the United States, the company...

Tobacco giant BAT agrees to 49-billion-dollar takeover of US rival

British American Tobacco Plc on Tuesday said it has finalized a deal to acquire 57.8 per cent of shares of US rival...