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A Commentary on the Croatian economic and fiscal policy guidelines 2018 – 2020

The Croatian Government on July 27 adopted the Economic and Fiscal Policy Guidelines 2018 – 2020 which show no significant difference from numerous previous guidelines, as concerns approach and content, except that they were adopted on time and planned to reduce budget deficit and debt. The format requirements, laid down by the current Budget Act, have more or less been satisfied. However, successful fiscal consolidation and the implementation of reforms necessary for economic growth call for a more prudent, comprehensive and transparent, as well as longer-term approach to the entire fiscal process which should include not only the central budget but also local budgets, extra-budgetary users and public companies.

fiscal policy

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