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The Statistical Office of the European Commission, Eurostat, at the beginning of February 2015, released for the first time data on contingent liabilities and non-performing loans of European Union (EU) member states. Contingent liabilities include guarantees, liabilities related to public-private partnerships and liabilities of public corporations that are controlled by the state, but excluded from the statistical coverage of general government. The scale of the contingent liabilities of member states reveals a completely new image of their indebtedness and exposure to fiscal risks, and also raises the issue of the need to redefine the Maastricht fiscal criteria. Anto Bajo and Marko Primorac provides a detailed analysis in new Newsletter entitled Should the Maastricht fiscal criteria be redefined?
The new Press Release titled Solidarity charge - a new non-tax levy features a commentary by Anto Bajo and Irena Klemenčić on the Government's decision, provided in the Regulation of September 3, 2015, to base its social welfare policy on subsidizing electricity costs rather than on social transfers.
In the Press Release titled National budget transparency - a deterioration in the quality and comprehensiveness of government revenue and expenditure information, Mihaela Bronić and Ivica Urban analyse the scores in the Open Budget Index 2015, the only independent and internationally comparable indicator used for periodic measurement of central government budget openness (transparency).
In the Press Release titled Fifteenth amendments to the Local Government Unit Financing Act, Anto Bajo and Marko Primorac warn of the negative effects of frequent changes in the Act and the risk of returning to the personal income tax sharing regime based on non-economic criteria, with an unknown purpose and vague fiscal objectives.