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INSTITUTE OF PUBLIC FINANCE
Smičiklasova 21
10000 Zagreb
VAT No. HR41683226810
Tel: + 385 1 4886 444
Fax: +385 1 4819 365
e-mail: office@ijf.hr

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

In the new issue of Public Sector Economics Edward N. Wolf in the article Wealth taxation in the United States analyses the fiscal effects of a Swiss-type tax on household wealth, and a wealth tax proposed by Senator Elizabeth Warren. The effect of both taxes on wealth inequality is miniscule, lowering the Gini coefficient by at most 0.0005 Gini points. Antonija Buljan, Milan Deskar Škrbić and Mirna Dumičić in the article What drives banks’ appetite for sovereign debt in CEE countries? provide the first analysis of the level and determinants of sovereign exposure of banking systems in CEE countries. Results shows that exposure to sovereign debt securities in CEE countries is substantially higher than in euro area countries. In article Migration with pension reform expectations Marek Góra and Anna Ruzik-Sierdzińska analyse individual migration decisions, by adding a component linked to the expected old-age pension benefits in sending and receiving countries in two cases: when the pension system rules are known, and when there is a risk of pension systems reforms. Mario Bambulović and Miljana Valdec in Testing the characteristics of macroprudential policies’ differential impact on foreign and domestic banks’ lending in Croatia explore the potentials and limitations of macroprudential measures on banks’ lending to the non-financial private sector in Croatia. In Over-bureaucratisation in public procurement: purposes and results Juraj Nemec, Matus Grega and Marta Orviska use the data from the Czech Republic and Slovakia to show that these countries’ procurement systems are over-bureaucratised and to try to identify the causes and results of such a situation.

 
Central government budget transparency in Croatia
Published: May 8, 2020

In the latest Press Release entitled Central government budget transparency in Croatia: in spite of noteworthy achievements, there is still a lot of room for improvement, Mihaela Bronić and Josip Franić discuss the findings of the Open Budget Survey 2019. According to the survey results, which were published by the International Budget Partnership on April 29, Croatia ranks 21st amongst the 117 analysed countries. This places Croatia in the group of countries that release substantial information on the central government budget.

 
 

Archive
Local budget transparency
 
On July 3, 2019 the Institute of Public Finance presented the results of the fifth 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.

 

Newsletter
 
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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