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 of this year and that the plan was to...

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 earthquake proof, two officials said on...

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 into account mitigating factors in...

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 year before, caretaker Finance Minister...

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 published on Friday.

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 deficit were proof that his government...

FinMin: Statistics send clear message to EC, rating agencies

"As we said at the start of our term (at the beginning of this year), in 2016 we have two main economic goals - stepping up economic growth and employment and stabilising public finance," Maric...

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

The HUP official said that the figures showed that some headway had been made last year regarding the reduction of the budget deficit, but not regarding the public 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 public debt as "a pleasant surprise".

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

General government debt increased by 1.9% in 2015 compared with 2014, 2.5 times less than in 2014. This is the lowest debt growth rate since the introduction of the ESA 2010 methodology in the...

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.

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 9.2 billion, which would be financed in...

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 provided by the Ministry of Finance show...