The fiscal year follows the calendar year. The IMF and World Bank have granted Croatia $192 million and $100 million, respectively, to repair economic imbalances from war and to curb hyperinflation. The EBRD has approved financial support totaling $230 million for infrastructure, telecommunications, and energy projects which otherwise would be unobtainable by the Croatian government.
The US Central Intelligence Agency (CIA) estimates that in 2001 Croatia's central government took in revenues of approximately $8.6 billion and had expenditures of $9 billion. Overall, the government registered a deficit of approximately $400 million. External debt totaled $16.5 billion.
The following table shows an itemized breakdown of government revenues and expenditures. The percentages were calculated from data reported by the International Monetary Fund. The dollar amounts (millions) are based on the CIA estimates provided above.
REVENUE AND GRANTS | 100.0% | 8,600 |
Tax revenue | 94.6% | 8,133 |
Non-tax revenue | 4.9% | 420 |
Capital revenue | 0.5% | 47 |
EXPENDITURES | 100.0% | 9,000 |
General public services | 3.8% | 339 |
Defense | 5.3% | 475 |
Public order and safety | 5.6% | 505 |
Education | 8.0% | 719 |
Health | 16.0% | 1,441 |
Social security | 42.8% | 3,855 |
Housing and community amenities | 3.5% | 311 |
Recreation, cultural, and religious affairs | 1.3% | 113 |
Economic affairs and services | 8.1% | 732 |
Other expenditures | 1.3% | 113 |
Interest payments | 4.4% | 398 |
Comment about this article, ask questions, or add new information about this topic: