Croatia has been slowly easing restrictive measures aimed at fighting the spread of COVID-19 in a bid to re-ignite the economy, which has suffered over the past two and a half months.
Deputy Prime Minister and Finance Minister Zdravko Marić announced today that tax revenues for May are down by 18 percent when compared to May of last year. He added that this was expected given the coronavirus pandemic, but that the situation is improving as restrictive measures are being eased.
"As of yesterday tax revenues are roughly half of last year's. Value Added Tax, as of yesterday, was also in a negative absolute sum, meaning that tax returns were bigger than what we took in as revenues, while contributions were down by roughly 25 percent," Marić said.
Minister Marić, also commented on government's measures aimed at driving economic recovery in the wake of the coronavirus pandemic.
"The two key elements in the short term are preserving jobs and the liquidity ensuring the functionality of the entire system. And I think that this has been confirmed when you look at the European level, among practically all countries, with regard to these two elements. But this is only the short term, because we must not forget our perspective going forwards, and we touched on this briefly today. I have said repeatedly, we all need to open our eyes," the minister concluded.
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