Institute of Public Finance: Reforms should focus on budget expenditure, public debt

The Institute of Public Finance (IJF) on Tuesday released the publication "To the Government and the Parliament of the Republic of Croatia" recommending all-round and not partial reforms focusing on the expenditure side of the budget and public debt management.

"A new Government is expected to discontinue partial, uncoordinated, unfounded and inadequately planned measures and, with the support of Parliament, identify the national strategic priorities, prudently manage public finances, enforce reforms of the country’s territorial and fiscal organisation and reforms of the tax, public investment, state aid, pension, and health care systems, as well as education and social welfare systems. It is vital to focus on the expenditure and not only to the revenue side of the budget. All the reforms must be explained to the public, because even the best-designed reform cannot succeed without public understanding and support," reads a summary of the IJF's recommendations to the new government and lawmakers, published in English on the IJF's official web site.

Last update: Tue, 26/01/2016 - 12:42
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