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New Press release
Published: October 15, 2020

In the new issue of Press Releases entitled Impact of the coronavirus on the life and work of European citizens, Predrag Bejaković analyses the new report by the European Foundation for the Improvement of Living and Working Conditions (Eurofound) based on an e-survey carried out in April and July 2020.

A Brief Guide to the National Budget Process
Published: September 28, 2020

The Institute of Public Finance has published A Brief Guide to the National Budget Process. The purpose is to simply and concisely present the very complex national budget process to new members of parliament as well as the media, citizens, etc. It shows how although the budget covers only a one-year period, the budget preparation, adoption, execution and reporting  last about two and a half years. The budget passes through several steps within each of these phases. A single cycle of the national budget process is shown using the 2021 Budget as example.   

New issue of Public Sector Economics
Published: September 1, 2020

In the new issue of Public Sector Economics Marina Kunovac in the article Distribution of household assets in Croatia uses the data from the Household Finance and Consumption Survey by taking into account different socio-demographic characteristics of households. Tomislav Globan and Tihana Škrinjarić in Penny wise and pound foolish: capital gains tax and trading volume on the Zagreb Stock Exchange analyse the effects of a recently introduced capital gains tax on the trading volume on the Zagreb Stock Exchange. In article An assessment of the relationship between public debt, government expenditure and revenue in Namibia Hambeleleni Iiyambo and Teresia Kaulihowa employ the data of these variables for the period 1980-2018. Sanja Bach in paper Fiscal councils’ impact on promoting transparency and accountability in public finance management analyses how far do the activities of fiscal councils in the EU countries help promote transparency and accountability in the management of public finances and how could fiscal councils enhance their impacts. Martin Beznoska, Tobias Hentze and Maximilian Stockhausen in article The inheritance and gift tax in Germany: Reform potentials for tax revenue, efficiency and distribution deal with the possibilities of the inheritance tax in fighting wealth inequality without having distorting effects on the economy. Ina Ďurčeková reviews the book Performance-based budgeting in the public sector by editors Michiel S. de Vries, Juraj Nemec and David Špaček which provides a comprehensive view of how countries use Performance-Based Budgeting in public management.


Public Sector Economics Conference
The Institute of Public Finance and Friedrich Ebert Stiftung are organising virtual international conference Public Sector Economics 2020 – The State and Perspectives of Pension Reforms on 6 November 2020. Detailed information is available at the conference web site.

Local budget transparency
On July 1, 2020 the Institute of Public Finance presented the results of the sixth annual research cycle of the budget transparency of all 576 Croatian local governments. 

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.


The upper child benefit threshold was increased by 40% in July 2018, but this change did not result in an expected increase in the number of beneficiaries and children receiving the benefit. In anticipation of the new change in the threshold, which could take effect in January 2020, Ivica Urban and Martina Pezer describe in the new Newsletter About Child benefit what child benefit is, how it is calculated, and try to discover possible reasons for the failure of the 2018 measure. One of them is inadequate information provided to potential beneficiaries, hence one of recommendations would be that all parents and guardians should check their eligibility for child benefit.

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