The government on Thursday sent to parliament a revised budget increasing revenues by HRK 1.4 billion, expenditures by HRK 1.5 billion, as a result of which the deficit will rise by HRK 100 million.
In the revised budget, revenues go up to HRK 110.3 billion, expenditures to HRK 120.3 billion and the deficit to HRK 10 billion. The budget deficit accounts for three per cent of gross domestic product and is HRK 4 billion lower on the year, or 1.2 per cent in GDP terms.
The general government deficit is projected at 3.5 per cent of GDP. The deficit of the extra-budgetary funds is 0.3 percentage points higher because of the increased investments by the Croatian Waters and Croatian Roads companies.
The government predicts for this year a 1.1 per cent GDP decline and a 3.4 per cent rate of the average inflation.
