According to revised figures released on Monday by the Croatian Bureau of Statistics, Croatia recorded a consolidated general government budget surplus of 992 million kuna in 2018, or 0.3% of the GDP.
This marks the second year in a row that Croatia has generated a budget surplus; while the public debt to GDP was reduced to 74.8%.
Croatia became one of fourteen European Union member-states who registered a government budget surplus in 2018, according to data provided by the European Union's statistical office Eurostat on Monday.
The 2018 surplus was mostly driven by the considerably improved financial result of extra-budgetary beneficiaries and public companies and by increased tax revenues.
Investments also grew, increasing by 13.36 billion kuna, up more than 30%, compared to the previous year.
Last year's consolidated general government debt was the lowest level since 2012 when it accounted for less than 70% of the GDP.
- Penava: Serbia does not accept responsibility for Ovčara
- Plenković: Introduce Euro by end of next government’s mandate
- Government adopts decision to hold presidential elections on December 22nd
- Adriatic coast lashed with 145 km/h winds
- Foreign Minister on an official visit to the Vatican
- Finance Minister says Croatia's key challenge is reducing its dependency on imports