FinMin: President's criticism constructive

Finance Minister Zdravko Maric said on Tuesday that President Kolinda Grabar-Kitarovic's criticism regarding the implementation of reforms was constructive, adding that it was in fact a recommendation that reforms should not be postponed.

"I wouldn't say that the President criticised reforms. I think that she was constructive, both her and President of the Croatian Employers' Association (HUP) Gordana Deranja. From the government's point of view and mine personally, that was a constructive criticism and a suggestion that reforms should by no means be delayed. The positive economic trends that are occurring should not be an excuse or reason to postpone something but rather just the opposite, we should continue implementing them as we planned," Maric told reporters.

He recalled that it was necessary to resolve the current situation as soon as possible. "We have a sound foundation for economic growth and certain indicators are even above expectations. We have a good plan, which has been assessed well by international and domestic stakeholders. The key is implementation and that requires certain stability at all levels, including political," he said.

Asked whether it was possible to salvage the credit rating given the political instability, Minister Maric said that it was difficult to say. "We will see that, but we will do everything we can. Personally, I consider that we have more reasons for the credit rating to be defended. Primarily, the economic foundations we have at the moment but one of the topics the rating agencies will certainly refer to will be political economics. I hope that this uncertainty will be resolved soon," he said.

Last update: Tue, 07/06/2016 - 19:10


Fin Min: The key is to upgrade credit rating


Tuesday, April 5, 2016 - 13:09

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