Croatia's parliament passed 2020 budget

NEWS 15.11.201911:26
Davor Javorovic/PIXSELL (ilustracija)

Croatian lawmakers passed the country's 2020 budget on Thursday, after the ruling majority rejected all but one of more than 300 amendments proposed by MPs.

The final budget projects a 2.5 percent GDP growth in 2020, and sees total revenues at 145.1b kuna (€19.5 billion), spending at 147.3 b kuna (€19.8 billion), with a planned deficit of around 2.2b kuna (€296 million), or 0.5 percent of GDP.

Compared to the original 2019 budget – which has been revised since – the projected revenues increased 6.7 percent, while government spending is up by around 5.0 percent.

(1 = 7.44 kuna)