Regaining Fiscal Sustainability and Enhancing Effectiveness in Croatia : A Public Expenditure and Institutional Review
The report presents the macroeconomic setting, and fiscal developments in the 1990s in Croatia, a country facing an unparalleled opportunity towards sustainable growth, and integration into the European Union. Nonetheless, the country needs to sust...
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| Format: | Publication |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2002/03/1758908/regaining-fiscal-sustainability-enhancing-effectiveness-croatia-public-expenditure-institutional-review http://hdl.handle.net/10986/13993 |
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okr-10986-13993 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING ADMINISTRATIVE COSTS AFFILIATES AUDITING BANKING SECTOR BUDGET CONSTRAINT BUDGET EXECUTION BUDGET FORMULATION BUDGET LAW BUDGET MANAGEMENT BUDGETARY FUNDS CAPITAL MARKETS CENTRAL GOVERNMENT CIVIL SERVICE CONSTITUTION CORPORATE INCOME TAX CPI DEPOSIT INSURANCE DEVOLUTION EBF ECONOMIC ACTIVITY EXCHANGE RATE EXECUTION FINANCIAL INSTITUTIONS FINANCIAL VIABILITY FISCAL FISCAL ADJUSTMENT FISCAL BURDEN FISCAL CRISIS FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICY FISCAL RETRENCHMENT FISCAL SITUATION FISCAL STRESS FISCAL SUSTAINABILITY FOREIGN DIRECT INVESTMENT FORMAL SECTOR GNP GOVERNMENT BUDGET GOVERNMENT BUDGETS GOVERNMENT EFFORTS GOVERNMENT FINANCE GOVERNMENT FINANCE STATISTICS GOVERNMENT LEVEL GOVERNMENT OFFICIALS GOVERNMENT PROGRAM GOVERNMENT REVENUES GOVERNMENT SIZE GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT HEALTH EXPENDITURES HEALTH SERVICES HEALTH SPENDING HIGH UNEMPLOYMENT INCOME INFLATION INSTITUTIONAL ARRANGEMENTS INSURANCE INTEREST RATES INTERNATIONAL MONETARY FUND LABOR FORCE LABOR MARKET LEGISLATION LICENSES LOCAL AUTHORITIES LOCAL GOVERNMENTS MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MACROECONOMICS MINISTRIES OF DEFENSE MINISTRY OF FINANCE PAYROLL TAXES PENSION FUND PENSION REFORM PENSIONS POLICY DECISIONS POLICY MAKERS POVERTY ALLEVIATION POVERTY LINE PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRIVILEGED GROUPS PROFITABILITY PUBLIC DEBT PUBLIC EMPLOYMENT PUBLIC ENTERPRISE PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR EMPLOYMENT PUBLIC SECTOR EXPENDITURES PUBLIC SECTOR REFORM PUBLIC SECTOR WAGES PUBLIC SECTOR WORKFORCE PUBLIC SERVICE PUBLIC SPENDING RATIONALIZATION REAL WAGES RECAPITALIZATION REDUCTION IN EMPLOYMENT REHABILITATION REORGANIZATION RESOURCE MOBILIZATION RETIREMENT REVENUE COLLECTION SAVINGS SOCIAL ASSISTANCE SOCIAL COSTS SOCIAL PROTECTION SOCIAL SECTOR SOCIAL SECTOR EXPENDITURES SOCIAL TRANSFERS SOCIAL WELFARE STATE BUDGET SUSTAINABLE GROWTH TAX TAX BURDEN TAX COMPLIANCE TAX EXEMPTION TAX REFORM TAX REVENUES TAXATION TIGHT MONETARY POLICY TOTAL EXPENDITURES TRANSPORT TREASURY |
| spellingShingle |
ACCOUNTING ADMINISTRATIVE COSTS AFFILIATES AUDITING BANKING SECTOR BUDGET CONSTRAINT BUDGET EXECUTION BUDGET FORMULATION BUDGET LAW BUDGET MANAGEMENT BUDGETARY FUNDS CAPITAL MARKETS CENTRAL GOVERNMENT CIVIL SERVICE CONSTITUTION CORPORATE INCOME TAX CPI DEPOSIT INSURANCE DEVOLUTION EBF ECONOMIC ACTIVITY EXCHANGE RATE EXECUTION FINANCIAL INSTITUTIONS FINANCIAL VIABILITY FISCAL FISCAL ADJUSTMENT FISCAL BURDEN FISCAL CRISIS FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICY FISCAL RETRENCHMENT FISCAL SITUATION FISCAL STRESS FISCAL SUSTAINABILITY FOREIGN DIRECT INVESTMENT FORMAL SECTOR GNP GOVERNMENT BUDGET GOVERNMENT BUDGETS GOVERNMENT EFFORTS GOVERNMENT FINANCE GOVERNMENT FINANCE STATISTICS GOVERNMENT LEVEL GOVERNMENT OFFICIALS GOVERNMENT PROGRAM GOVERNMENT REVENUES GOVERNMENT SIZE GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT HEALTH EXPENDITURES HEALTH SERVICES HEALTH SPENDING HIGH UNEMPLOYMENT INCOME INFLATION INSTITUTIONAL ARRANGEMENTS INSURANCE INTEREST RATES INTERNATIONAL MONETARY FUND LABOR FORCE LABOR MARKET LEGISLATION LICENSES LOCAL AUTHORITIES LOCAL GOVERNMENTS MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MACROECONOMICS MINISTRIES OF DEFENSE MINISTRY OF FINANCE PAYROLL TAXES PENSION FUND PENSION REFORM PENSIONS POLICY DECISIONS POLICY MAKERS POVERTY ALLEVIATION POVERTY LINE PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRIVILEGED GROUPS PROFITABILITY PUBLIC DEBT PUBLIC EMPLOYMENT PUBLIC ENTERPRISE PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR EMPLOYMENT PUBLIC SECTOR EXPENDITURES PUBLIC SECTOR REFORM PUBLIC SECTOR WAGES PUBLIC SECTOR WORKFORCE PUBLIC SERVICE PUBLIC SPENDING RATIONALIZATION REAL WAGES RECAPITALIZATION REDUCTION IN EMPLOYMENT REHABILITATION REORGANIZATION RESOURCE MOBILIZATION RETIREMENT REVENUE COLLECTION SAVINGS SOCIAL ASSISTANCE SOCIAL COSTS SOCIAL PROTECTION SOCIAL SECTOR SOCIAL SECTOR EXPENDITURES SOCIAL TRANSFERS SOCIAL WELFARE STATE BUDGET SUSTAINABLE GROWTH TAX TAX BURDEN TAX COMPLIANCE TAX EXEMPTION TAX REFORM TAX REVENUES TAXATION TIGHT MONETARY POLICY TOTAL EXPENDITURES TRANSPORT TREASURY World Bank Regaining Fiscal Sustainability and Enhancing Effectiveness in Croatia : A Public Expenditure and Institutional Review |
| geographic_facet |
Europe and Central Asia Croatia |
| relation |
A World Bank Country Study; |
| description |
The report presents the macroeconomic
setting, and fiscal developments in the 1990s in Croatia, a
country facing an unparalleled opportunity towards
sustainable growth, and integration into the European Union.
Nonetheless, the country needs to sustain macroeconomic
stabilization, and improve the investment climate. To this
effect, public sector reform needs to be oriented to
diminish the size of the state, and reduce the fiscal
deficit to sustain macroeconomic stability in the medium
term. Yet, the scope for reducing the deficit through
revenue increases is limited, even though a decrease in the
tax burden would be highly desirable. This means that most
of the adjustment will need to be made in public
expenditures, particularly by identifying, and implementing
policies that will reduce the level of expenditures, while
improving their effectiveness; thus, budgetary management
improvement will be critical to this effort. The report
analysis indicates that the current budget in Croatia is not
a comprehensive measure of all fiscal activity, namely that
five extra-budgetary funds are not included in the budget;
that off-budget revenues, outside of the extra-budgetary
funds, still exist; that the cash budgeting system leads to
the accumulation of arrears that do not appear in budget
presentations; and, that laws outside of the budget law,
lead to mandatory spending that falls outside of the budget process. |
| format |
Publications & Research :: Publication |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Regaining Fiscal Sustainability and Enhancing Effectiveness in Croatia : A Public Expenditure and Institutional Review |
| title_short |
Regaining Fiscal Sustainability and Enhancing Effectiveness in Croatia : A Public Expenditure and Institutional Review |
| title_full |
Regaining Fiscal Sustainability and Enhancing Effectiveness in Croatia : A Public Expenditure and Institutional Review |
| title_fullStr |
Regaining Fiscal Sustainability and Enhancing Effectiveness in Croatia : A Public Expenditure and Institutional Review |
| title_full_unstemmed |
Regaining Fiscal Sustainability and Enhancing Effectiveness in Croatia : A Public Expenditure and Institutional Review |
| title_sort |
regaining fiscal sustainability and enhancing effectiveness in croatia : a public expenditure and institutional review |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2002/03/1758908/regaining-fiscal-sustainability-enhancing-effectiveness-croatia-public-expenditure-institutional-review http://hdl.handle.net/10986/13993 |
| _version_ |
1764425121080016896 |
| spelling |
okr-10986-139932021-04-23T14:03:11Z Regaining Fiscal Sustainability and Enhancing Effectiveness in Croatia : A Public Expenditure and Institutional Review World Bank ACCOUNTING ADMINISTRATIVE COSTS AFFILIATES AUDITING BANKING SECTOR BUDGET CONSTRAINT BUDGET EXECUTION BUDGET FORMULATION BUDGET LAW BUDGET MANAGEMENT BUDGETARY FUNDS CAPITAL MARKETS CENTRAL GOVERNMENT CIVIL SERVICE CONSTITUTION CORPORATE INCOME TAX CPI DEPOSIT INSURANCE DEVOLUTION EBF ECONOMIC ACTIVITY EXCHANGE RATE EXECUTION FINANCIAL INSTITUTIONS FINANCIAL VIABILITY FISCAL FISCAL ADJUSTMENT FISCAL BURDEN FISCAL CRISIS FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICY FISCAL RETRENCHMENT FISCAL SITUATION FISCAL STRESS FISCAL SUSTAINABILITY FOREIGN DIRECT INVESTMENT FORMAL SECTOR GNP GOVERNMENT BUDGET GOVERNMENT BUDGETS GOVERNMENT EFFORTS GOVERNMENT FINANCE GOVERNMENT FINANCE STATISTICS GOVERNMENT LEVEL GOVERNMENT OFFICIALS GOVERNMENT PROGRAM GOVERNMENT REVENUES GOVERNMENT SIZE GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT HEALTH EXPENDITURES HEALTH SERVICES HEALTH SPENDING HIGH UNEMPLOYMENT INCOME INFLATION INSTITUTIONAL ARRANGEMENTS INSURANCE INTEREST RATES INTERNATIONAL MONETARY FUND LABOR FORCE LABOR MARKET LEGISLATION LICENSES LOCAL AUTHORITIES LOCAL GOVERNMENTS MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MACROECONOMICS MINISTRIES OF DEFENSE MINISTRY OF FINANCE PAYROLL TAXES PENSION FUND PENSION REFORM PENSIONS POLICY DECISIONS POLICY MAKERS POVERTY ALLEVIATION POVERTY LINE PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRIVILEGED GROUPS PROFITABILITY PUBLIC DEBT PUBLIC EMPLOYMENT PUBLIC ENTERPRISE PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR EMPLOYMENT PUBLIC SECTOR EXPENDITURES PUBLIC SECTOR REFORM PUBLIC SECTOR WAGES PUBLIC SECTOR WORKFORCE PUBLIC SERVICE PUBLIC SPENDING RATIONALIZATION REAL WAGES RECAPITALIZATION REDUCTION IN EMPLOYMENT REHABILITATION REORGANIZATION RESOURCE MOBILIZATION RETIREMENT REVENUE COLLECTION SAVINGS SOCIAL ASSISTANCE SOCIAL COSTS SOCIAL PROTECTION SOCIAL SECTOR SOCIAL SECTOR EXPENDITURES SOCIAL TRANSFERS SOCIAL WELFARE STATE BUDGET SUSTAINABLE GROWTH TAX TAX BURDEN TAX COMPLIANCE TAX EXEMPTION TAX REFORM TAX REVENUES TAXATION TIGHT MONETARY POLICY TOTAL EXPENDITURES TRANSPORT TREASURY The report presents the macroeconomic setting, and fiscal developments in the 1990s in Croatia, a country facing an unparalleled opportunity towards sustainable growth, and integration into the European Union. Nonetheless, the country needs to sustain macroeconomic stabilization, and improve the investment climate. To this effect, public sector reform needs to be oriented to diminish the size of the state, and reduce the fiscal deficit to sustain macroeconomic stability in the medium term. Yet, the scope for reducing the deficit through revenue increases is limited, even though a decrease in the tax burden would be highly desirable. This means that most of the adjustment will need to be made in public expenditures, particularly by identifying, and implementing policies that will reduce the level of expenditures, while improving their effectiveness; thus, budgetary management improvement will be critical to this effort. The report analysis indicates that the current budget in Croatia is not a comprehensive measure of all fiscal activity, namely that five extra-budgetary funds are not included in the budget; that off-budget revenues, outside of the extra-budgetary funds, still exist; that the cash budgeting system leads to the accumulation of arrears that do not appear in budget presentations; and, that laws outside of the budget law, lead to mandatory spending that falls outside of the budget process. 2013-06-17T21:28:40Z 2013-06-17T21:28:40Z 2002-03 http://documents.worldbank.org/curated/en/2002/03/1758908/regaining-fiscal-sustainability-enhancing-effectiveness-croatia-public-expenditure-institutional-review 0-8213-5107-9 http://hdl.handle.net/10986/13993 English en_US A World Bank Country Study; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Publications & Research :: Publication Publications & Research :: Publication Europe and Central Asia Croatia |