deficit

FinMin: Budget gap to be cut to close to 2% of GDP in 2017

Finance Minister Zdravko Maric said on Wednesday he was confident that the budget deficit would be reduced to more than the planned 2.6% of GDP by the end...

Italy seeks exception from EU deficit rules for quake safety spending

The Italian government will seek a derogation from European Union deficit rules to launch a multi-billion-euro programme to make its building stock more...

EU governments agree to waive fines for Spain, Portugal deficits

Spain and Portugal will not be fined despite failing to take effective action to whittle down their public deficits, EU member states announced Tuesday, taking...

FinMin says budgetary deficit in H1 2016 down HRK 5.1 bln

The budgetary deficit in the first six months of 2016 amounted to HRK 2.4 billion or 0.7% pg GDP, which is HRK 5.1 billion less than in the same period the...

Current account deficit in Q1 EUR 1.6b

The current account deficit in the first quarter of 2016 was EUR 1.6 billion, up 25.6% on the year, Raiffeisenbank Austria (RBA) said in an analysis...

Milanovic: Deficit decrease proves we did our job responsibly

The leader of the Social Democratic Party (SDP) and former Prime Minister, Zoran Milanovic, has said that the latest figures showing a decrease in the budget...

FinMin: Statistics send clear message to EC, rating agencies

Croatian Finance Minister Zdravko Maric said on Thursday that the latest figures from the national statistical office on the deficit and public debt in 2015...

Croatia in group with France, Austria concerning deficit, debt

Croatia's budget deficit of -3.2% in 2015 puts it among the European Union member-states that have failed to downsize their budget gap below 3% of GDP....

HUP, HGK urge immediate action to remove macroeconomic imbalances

Croatian Employers' Association (HUP) Director-General  Davor Majetic said on Thursday that the latest statistical data on Croatia's deficit and debt...

Analyst pleasantly surprised by budget deficit level

The chief economist at Societe Generale Splitska Banka, Zdeslav Santic, on Thursday welcomed the latest statistics on Croatia's budget deficit and...

Croatia's 2015 general government deficit at 3.2%, public debt at 86.7% of GDP

Croatia's consolidated general government budget deficit in 2015 was HRK 10.7 billion or 3.2% of Gross Domestic Product, while consolidated general government...

EU should be stricter in cracking down on deficits, auditors say

The European Union's executive should be stricter and more consistent in cracking down on excessive public deficits, EU auditors said Tuesday.The 28-country...

Budget gap to be 2.2% of projected GDP

The Croatian government will present on Thursday its budget proposal for 2016, which envisages a deficit of HRK 7.4 billion or 2.2% of the projected GDP....

Deficit to be covered by borrowing, privatisation, says FinMin

Finance Minister Zdravko Maric said on Wednesday the government planned to borrow again, possibly in the spring, to cover a planned budgetary deficit of HRK 9....

2015 budget deficit considerably lower than planned

Croatia's consolidated central government deficit in 2015 was HRK 9.6 billion or 2.9 percent of GDP according to the GFS 2001 methodology, preliminary data...
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