Excessive Deficit Procedure

HGK: Croatia in process of leaving EDP

Croatia belongs in the group of EU countries that have been registering the biggest decrease in the share of public to GDP ratio, which could impact its leaving the Excessive Deficit Procedure (EDP) and improving its credit rating, analysts of the Croatian Chamber of Commerce (HGK) said on Tuesday.

Economists for reducing budget outlays by EUR 400-500 mln in 2016

Lipa association representative Davor Huic said the first goal should be to reduce the expenditures side of the budget by HRK 3-4 billion.