- Published: 07.11.2019.
Plenković: Draft budget proof of stable and responsible fiscal policy
Prime Minister Andrej Plenkovic on Thursday informed members of the national parliament about the government's proposal for the 2020 state budget, describing the document as proof of his cabinet's stable and responsible fiscal policy.
This budget sent to you is the best proof of the stable and responsible fiscal policy we pursue, the premier said, recalling that the economic growth is no longer based on borrowing but on reforms, investments and the absorption of EU funds.
He said that before the start of his cabinet's term, Croatia was faced with high unemployment, high debts a budget deficit, growing public debt and an unfavourable business climate.
"We have turned those trends around and made marked headway," he told the parliament, which is expected to discuss the government-sponsored budget for 2020.
He also boasted that the budget expenditures were controlled and that the budget gap was reduced from the planned 0.3% of GDP in 2019 to 0.1%.