INSTITUTE OF PUBLIC FINANCE
Tel: + 385 1 4886 444
Fax: +385 1 4819 365
In the Press Release entitled Government's report on the 2011-2015 term of office - We write at length, because there is “no time” to be concise Anto Bajo and Marko Primorac indicate the shortcomings of the Report on the work of the outgoing government.
In the new Newsletter To the Government and the Parliament of the Republic of Croatia the Institute of Public Finance addresses its position on key issues concerning public sector economics and public finances. With the support of Parliament, the Government will have to formulate effective short-term and long-term reform strategies, plans and programmes and insist on their implementation, despite the expected interest group resistance. No one involved in this should expect to be celebrated or popular, but the only way out of the country's economic crisis is through thorough structural reforms toward a more efficient public sector and economy in general, fiscal consolidation and higher competitiveness, employment levels and economic growth.
Considering the fact that the Government and the Parliament will have to pass the new budget shortly, we have prepared a special A Brief guide to the National Budget Process which provides for an overview of a very complicated process of enacting the state budget in a concise manner.
In Newsletter entitled When do liabilities from public-private partnership and concession contracts become the part of the general government debt? Anto Bajo and Damir Juričić shows the statistical treatment of transactions resulting from concession and PPP contracts, which – due to the shortage of budgetary revenues – could be used more frequently in the financing of projects of national interest in the Republic of Croatia.