(Photo: Patrik Macek/PIXSELL) (Photo: Patrik Macek/PIXSELL)

This year has been marked by the coronavirus pandemic and the crisis it has caused as well as the Zagreb earthquake in March, all of which has affected budget revenues and expenditures. Revenues have now been increased to 131.1 billion and expenditures to 155.9 billion kuna. The government is projected to record a 29.5 billion kuna budget deficit, or 8 percent of GDP.

The public debt-to-GDP ratio is projected to go up by 14.5 percentage points to 87.3 percent, but it is expected to decrease next year already at an average rate of 2.2 percentage points, Prime Minister Andrej Plenković said when presenting the revision in parliament last week.

As for expenditures, the revised budget envisages 1.76 billion kuna more for the Health Ministry, mostly to settle debts to drug wholesalers and hospital expenditures, Finance Minister Zdravko Marić said recently in parliament.

He also highlighted expenditures of 1.2 billion kuna for job retention and anti-coronavirus measures in culture, tourism and sports as well as for healthcare equipment.

Source: HRT