The new Finance Minister Zdravko Maric said on Sunday that his ministry would draw up guidelines of the economic and financial policy in the next three weeks as a framework for the elaboration of a state budget, announcing that the 2016 draft budget, which he would like to send to parliament before the end of March, will be nominally reduced in its revenues side.

Addressing reporters outside the Finance Ministry, Maric said that he had met with Prime Minister Tihomir Oreskovic earlier in the day, and that their talks had focused on the economy and the elaboration of the state budget, just as this had been the main topic of the first working meeting of the Oreskovic cabinet on Saturday.

"Ministers are given several days to analyse and get an insight into their respective departments' budgets. In the next three weeks the Finance Ministry will prepare the Guidelines of the Economic and Fiscal Policy as a framework for the budget drafting, encompassing updated macroeconomic projections and the revenues side and also the so-called limits for individual budget beneficiaries," Maric said.

The new finance minister expects that the budget for 2016 would be finalised in March, explaining that he would try to make sure that everything would be ready before the end of March.

Asked whether some curtailments were already suggested to ministers for their budgets, Maric said that he would first wait for their proposals.

"The idea is to use this period to prepare a blueprint," Maric said declining to give any figures at this moment.

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