Regaining Fiscal Sustainability and Enhancing Effectiveness in Croatia : A Public Expenditure and Institutional Review

World Bank

Washington, DC

关键词: ACCOUNTING;    ADMINISTRATIVE COSTS;    AFFILIATES;    AUDITING;    BANKING SECTOR;   

DOI  :  10.1596/0-8213-5107-9
RP-ID  :  24003

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The report presents the macroeconomicsetting, and fiscal developments in the 1990s in Croatia, acountry facing an unparalleled opportunity towardssustainable growth, and integration into the European Union.Nonetheless, the country needs to sustain macroeconomicstabilization, and improve the investment climate. To thiseffect, public sector reform needs to be oriented todiminish the size of the state, and reduce the fiscaldeficit to sustain macroeconomic stability in the mediumterm. Yet, the scope for reducing the deficit throughrevenue increases is limited, even though a decrease in thetax burden would be highly desirable. This means that mostof the adjustment will need to be made in publicexpenditures, particularly by identifying, and implementingpolicies that will reduce the level of expenditures, whileimproving their effectiveness; thus, budgetary managementimprovement will be critical to this effort. The reportanalysis indicates that the current budget in Croatia is nota comprehensive measure of all fiscal activity, namely thatfive extra-budgetary funds are not included in the budget;that off-budget revenues, outside of the extra-budgetaryfunds, still exist; that the cash budgeting system leads tothe accumulation of arrears that do not appear in budgetpresentations; and, that laws outside of the budget law,lead to mandatory spending that falls outside of the budget process.