Croatia - Public finance

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.


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

User Contributions:

Comment about this article, ask questions, or add new information about this topic: