Croatian parliament ratifies 2013 budget.

By bne IntelliNews December 5, 2012
Croatia's parliament adopted on Tuesday, Dec 4, the country's 2013 budget, which targets a deficit of 3.1% of GDP, news agency HINA informed. The budget deficit will increase by almost HRK 1bn to HRK 10.9bn next year. The budget envisages expenditures of HRK 124.5bn (EUR 16.5bn) and revenue of HRK 113.7bn. The 2013 macro framework is based on an economic growth of 1.8% and inflation of 3.5%. In 2014 and 2015, the economic growth is projected to be 3% and 3.5%, respectively. The budget was supported by 83 MPs of the ruling coalition. A total of 6 MPs from the opposition voted against the document, while six abstained. The opposition parties - the Croatian Democratic Union (HDZ), the HDSSB and SDSS, proposed 51 amendments to the budget but the ruling majority rejected all of them. Therefore the HDZ MPs walked out of the parliament, showing their protest against the rejection of their amendments.
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