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Growing expenditures on interest and on the cost of Croatia's European Union membership in 2014 will lead to an increase in the budgetary deficit of some 8 billion kuna, with overall expenditures expected to reach HRK 131.7 billion kuna and the budget deficit to amount to HRK 17.4 billion or 5.5 % of GDP next year, Finance Minister Slavko Linic said at a government meeting in Zagreb on Thursday, presenting economic and financial policy guidelines for the 2014-2016 period.
Linic warned that in 2014, costs incurred by interest on the existing public debt would grow by HRK 2.5 billion kuna, while the country's EU membership costs would go up by 4.7 billion kuna. In addition, there will be 700 million kuna to be allocated for other expenditures for state aid and salaries, and summing up all those figures, the result is eight billion kuna more in the budget deficit compared to this year's deficit, the minister explained. Government
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Povezane vesti na srpskom
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