Croatia’s Finance Minister says the proposed 2020 budget was drafted on the basis of projected economic growth of 2.5%.
Prime Minister Andrej Plenković and Deputy Prime Minister and Finance Minister Zdravko Marić presented government's proposed 2020 budget to MPs in parliament today. The PM noted that for the first time a budget foresees a surplus, which is projected at 0.2% of GDP.
"These budgetary projections are in line with maintaining positive trends, and stable and sustainable public finances. This budget ensures a continued reduction in taxes and the public debt, while simultaneously raising salaries and benefits," the PM said.
Along with noting that the proposed budget was drafted on the basis of projected economic growth of 2.5% Finance Minister Marić added that it is also based on responsible spending and borrowing. "Based on this budget proposal it is clear that the need for financing has been reduced to a minimum. On the other hand the need for issuing new debt instruments has been reduced solely to the refinancing of obligations that will come due in 2020."
The opposition however, criticized the proposed 2020 budget, saying that it does not set aside enough for higher salaries. "Be brave, raise monthly salaries by a serious amount, introduce fixed and bigger financial benefits for children. That would enable the average family budget to increase by 2 to 3 thousand Kuna, and then we will no longer be neck and neck with Syria in terms of the number of people emigrating to Germany," MOST Party Chairman Božo Petrov said, challenging Plenković and Marić.
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