Croatia's consolidated general government budget deficit in the first half of 2016 was HRK 518 million or 0.2% of Gross Domestic Product, while the budget gap in the said period stood at 2.4 billion or 0.7% of GDP, down 5 billion kuna from the corresponding period in 2015.
According to data released by the Finance Ministry on Tuesday, the lower general government deficit was on the back of a surplus ensured by extra-budgetary beneficiaries and local self-government units.
The state budget for 2016 projects a budget deficit of HRK 7.5 billion or 2.2% of GDP. The general government deficit is set to be HRK 9.2 billion, or 2.7% of GDP, when measured by the national methodology.
(EUR 1 = HRK 7.5)
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