Croatia budget revenues decline in Apr
Photo by Alexandros Michailidis/Shutterstock.com
Croatia’s Finance Minister Zdravko Marić has said budget revenues in the first 10 days of April were one-third of those at the same time last year and reiterated that, at first, Croatia would tap the domestic market to finance aid and deal with the fallout of the COVID-19 crisis.
Croatia’s Finance Minister Zdravko Marić. Photo by Alexandros Michailidis/Shutterstock.com
Speaking on the public broadcaster HTV on April 10, Marić said the implementation of the measures was good and that 95,000 employers had applied for aid for more thn 550,000 workers.
He also mentioned moratoriums on loans, programs for exporters and new credit lines totaling EUR 1.8 billion.
Speaking later on RTL television, Marić said bilateral arrangements worth HRK 6 billion had been signed with six domestic banks with an average interest of a little over 1%.
Asked how much the crisis would cost, Marić reiterated that, according to projections, the next three months would cost the state budget about HRK 45 billion (EUR 5.93 billion), just to ensure the functioning of the state and the economic measures, the Croatian News Agency (HINA) reported.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.