Naslov
Government guarantees and financial liabilities of state owned road transport companies in Croatia

Autori
Bajo, Anto ; Petrušić, Jelena

Izvornik
Newsletter : an occasional publication of the Institute of Public Finance (1333-4417) 16 (2014), 92; 1-11

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, popularan rad, ostalo

Ključne riječi
Government guarantees

Sažetak
The main objective of this paper is to provide an overview of the amount and the structure of financial liabilities and government guarantees made from 2001 to 2014 to the state-owned road transport companies – Croatian Motorways Ltd. (HAC), Croatian Roads Ltd. (HC) and Rijeka-Zagreb Motorway Inc. (ARZ). By 2014 the government had almost entirely guaranteed the financial liabilities of these companies – the amount of government guarantees approximately equals the amount of the liabilities incurred. HC has from 2011 been included in the statistics of general government debt according to the Eurostat methodology, whereas in 2014 the liabilities of HAC and ARZ were retroactively included. Reclassification of these companies' debts into direct general government debt resulted in a growth of that debt. Analysis of guarantees is useful to provide more complete information about the amount of debt, the borrowing conditions and maturities of the road transport companies' liabilities.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA