engleski

A short history of the revisions of the Croatian central government budget from 1999 to 2009

In the 1999 to 2009 period, Croatia did not pass a single year without a revision of the central government budget – in these 11 years, there were 14 revisions. Almost always, they involved augmented expenditures – both in years in which revenue rose and at times when it declined. An exception came in 2009, when both revenue and expenditure were cut, if expenditure to a much smaller extent than revenue. In every revision except in 2009, particularly in years in which there were general elections, expenditures for employees and welfare payments rose. The overfrequent revisions indicate the need to create mechanisms for the planning of a longer- term and more trustworthy fiscal policy.

budget ; Croatia

nije evidentirano