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Croatia's business environment ranking deteriorates
Published: November 8, 2017

In the latest Press Release, Predrag Bejaković comments on the World Bank's Doing Business 2018 report showing deterioration in Croatia's business environment ranking from 43 to 51 out of 190 economies worldwide.

The Croatian fiscal equalization system is improving
Published: October 24, 2017

The Press Release features comments by Anto Bajo and Marko Primorac on the amendments to the Croatian local government financing system, presented by the Government at its session of September 28, 2017 within a Proposal for an Act on the Financing of Local and Regional Self-government Units.

New issue of Public Sector Economics
Published: September 15, 2017

In the new issue of Public Sector Economics, you can read a guest editor’s Introduction to the special issue on Social Protection Policies and Microsimulation by Ivica Urban. Venelin Boshnakov in the article How much is the bill? Simulating selected proposals for income policy adjustments during the 2017 Bulgarian parliamentary election campaigns discusses the political parties’ proposals in the recently held parliamentary elections in Bulgaria, and calculates their eventual budget impact. Nuria Badenes-Plá and José María Buenaventura-Zabala in the article The Spanish income tax reform of 2015: analysis of the effects on poverty and redistribution using microsimulation tools assess the impact of the 2015 personal income tax reform on income inequality and poverty in Spain. Teo Matković and Dinka Caha in the article Patterns of welfare-to-employment transitions of Croatian Guaranteed Minimum Benefit recipients: a preliminary study study the transitions of Croatian social welfare recipients into employment, estimating the roles of financial incentives, work-related capabilities and engagement in household work. In the article Political determinants of social expenditures in Greece: an empirical analysis Ebru Canikalp and Ilter Unlukaplan reveal the relationship between political structure and social expenditures in Greece. Predrag Bejaković reviews the book Occupational change and wage inequality: European Jobs Monitor 2017 by Enrique Fernández-Macías, John Hurley and José María Arranz-Muñoz.


Local budget transparency
On 4th July 2017 the Institute of Public Finance presented the results of the fourth cycle of budget transparency research in Croatian local government units (counties, cities and municipalities).

To make the results more accessible and easier to read, the Institute published an interactive map that shows the status of each local government unit.

In the Newsletter entitled Budget transparency in Croatian local government units - employees’ views, Katarina Ott and Mihaela Bronić present a survey conducted among employees in Croatian local government units  which may help in identifying the factors that promote (or hinder) local budget transparency. Results of this survey showed that the local government units were generally more satisfied with their levels of transparency than they should be, given the actual results.

The railways are, after the shipyards and the roads, the third biggest beneficiary of state aids, guarantees and subsidies. The liabilities and debts of the railway companies owned by the state contribute to the growth of the public debt and the budgetary deficit. Governments to date have recognised the need to restructure the railways and have been actively included in the process in the last six years. Anto Bajo and Marko Primorac in new Fiscus entitled Restructuring the railway companies owned by the Republic of Croatia analyse the financial operations of the public companies that are engaged in railway transportation and to evaluate the way restructuring was carried out up to 2016.

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