Croatias government sends to parliament draft decision on temporary financing.

By bne IntelliNews October 7, 2011
The government sent to parliament a draft decision on temporary financing in the first quarter of 2012 and a bill on deadlines in the fulfilment of financial obligations, news agency HINA reported. The draft decision on temporary financing envisaged total expenditures of HRK 27.3bn and total revenues of HRK 27.2bn in Q1. The government proposed temporary financing in Q1 2012 as the parliamentary elections will be held in December and it could not pass government budget under the usual procedure. The bill on deadlines in the fulfilment of financial obligations limited deadlines for payment of contracts between enterprises to a maximum 60 days. The bill was one of the measures for solving problem with insolvency.

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