Croatia - Restructuring Public Finance to Sustain Growth and Improve Public Services : A Public Finance Review

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dc.creatorWorld Bank
dc.date2012-05-18T14:32:27Z
dc.date2012-05-18T14:32:27Z
dc.date2008-02
dc.date.accessioned2026-07-01T01:07:43Z
dc.descriptionThe year 2000 was a turning point in Croatian history, marked by closing the chapter of the war and the first phase of transition. With that, the country turned its attention to the "second transition,"the principle goal of which is to place Croatia on a path to the European Union (EU). While opening the economy to global markets through World Trade Organization (WTO) and CEFTA memberships and reestablishing cooperation with its Southeast European neighbors, the signing of the Stabilization and Association Agreement (SAA) marked the first firm milestone on Croatia's path to EU. In October 2005, Croatia opened EU accession negotiations, with the screening phase concluded a year after. Benefiting from successful economic transformation and the EU accession negotiations, growth has remained solid, and is roughly on par with the average for the European transition countries. Inflation has been modest despite higher prices for imported oil, and has been kept in check partly due to exchange rate appreciation. In fact, the central bank has intervened to prevent stronger appreciation in the face of robust capital inflows. However, the oil and commodity price increases and the aggregate demand pressures have contributed to a widening of the current account deficit in 2005-2007, despite somewhat tighter fiscal policy. Building on this foundation, the Government has an unparalleled opportunity to place Croatia on a sustainable growth path to achieve better living standards for all and to integrate into EU. To seize this opportunity, Croatia needs to sustain macroeconomic stability and continue creating a better climate for investment. In this context, key priorities for the public sector will include: reducing the size of the state and the fiscal deficit, and thereby helping to increase private sector productivity and competitiveness; and improving public sector efficiency and effectiveness. This report will suggest ways in which these twin priorities may best be addressed.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2008/02/16209523/croatia-restructuring-public-finance-sustain-growth-improve-public-services-public-finance-review
dc.identifierhttps://hdl.handle.net/10986/6252
dc.identifierhttps://doi.org/10.1596/6252
dc.identifier.urihttp://hdl.handle.net/123456789/415437
dc.languageEnglish
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCESS TO CAPITAL
dc.subjectADMINISTRATIVE COST
dc.subjectAGGREGATE DEMAND
dc.subjectAMORTIZATION
dc.subjectARREARS
dc.subjectASSESSMENT PROCESSES
dc.subjectAVERAGE EXCHANGE RATE
dc.subjectAVERAGE GROWTH
dc.subjectAVERAGE WAGES
dc.subjectBALANCED BUDGET
dc.subjectBANK DEPOSITS
dc.subjectBANKRUPTCIES
dc.subjectBANKS
dc.subjectBASIC PENSION
dc.subjectBENEFICIARIES
dc.subjectBORROWING
dc.subjectBORROWING REQUIREMENTS
dc.subjectBUDGET CONSTRAINT
dc.subjectBUDGET PLANNING
dc.subjectBUDGETING
dc.subjectBUSINESS CYCLE
dc.subjectBUSINESS PLAN
dc.subjectCALCULATIONS
dc.subjectCAPITAL INFLOWS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCLAIMANTS
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICE
dc.subjectCONSUMER
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONTRIBUTION RATE
dc.subjectCONTRIBUTION RATES
dc.subjectCONTRIBUTIONS
dc.subjectCOST BENEFIT ANALYSIS
dc.subjectCOST ESTIMATES
dc.subjectCREDIT EXPANSION
dc.subjectCREDIT GROWTH
dc.subjectCROWDING OUT
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectCURRENT PENSION
dc.subjectCURRICULUM
dc.subjectDEBT
dc.subjectDEBT FINANCING
dc.subjectDEBT REPAYMENT
dc.subjectDEBT SERVICE
dc.subjectDECENTRALIZATION
dc.subjectDEFICIT FINANCING
dc.subjectDEFICITS
dc.subjectDEPOSITS
dc.subjectDIRECT COSTS
dc.subjectDISABILITY
dc.subjectDOMESTIC BANKS
dc.subjectDOMESTIC BORROWING
dc.subjectDOMESTIC CREDIT
dc.subjectDOMESTIC DEBT
dc.subjectEARLY RETIREMENT
dc.subjectEARNINGS
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC EFFICIENCY
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC MANAGEMENT
dc.subjectEDUCATIONAL SERVICE
dc.subjectENVIRONMENTAL
dc.subjectENVIRONMENTAL TAXES
dc.subjectEQUITY ISSUES
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE RESTRAINT
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL INDEBTEDNESS
dc.subjectEXTERNAL SHOCKS
dc.subjectFINANCES
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SHOCK
dc.subjectFINANCIAL SUPPORT
dc.subjectFISCAL CONSTRAINTS
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL DISCIPLINE
dc.subjectFISCAL POLICY
dc.subjectFISCAL POSITION
dc.subjectFISCAL SUSTAINABILITY
dc.subjectFIXED EXCHANGE RATE
dc.subjectFOREIGN CURRENCIES
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFUND MANAGEMENT
dc.subjectGLOBAL MARKETS
dc.subjectGOVERNMENT BORROWING
dc.subjectGOVERNMENT BUDGETS
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT DEFICIT
dc.subjectGOVERNMENT EXPENDITURE
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGOVERNMENT INFORMATION
dc.subjectGOVERNMENT REVENUES
dc.subjectGOVERNMENT SAVINGS
dc.subjectGOVERNMENT SPENDING
dc.subjectGOVERNMENT SUBSIDIES
dc.subjectGRANT FUNDING
dc.subjectHEALTH INSURANCE
dc.subjectHEALTH INSURANCE FUND
dc.subjectHEALTH SPENDING
dc.subjectHOUSEHOLD EXPENDITURE
dc.subjectHOUSEHOLD EXPENDITURES
dc.subjectHOUSEHOLD INCOME
dc.subjectHUMAN RESOURCE
dc.subjectINCOME
dc.subjectINCOME GROUPS
dc.subjectINCOME INEQUALITY
dc.subjectINCOME LEVELS
dc.subjectINCOMES
dc.subjectINCREASE IN INCOME
dc.subjectINDEBTEDNESS
dc.subjectINDIVIDUAL ACCOUNT
dc.subjectINFLATION
dc.subjectINFORMATION SYSTEM
dc.subjectINFORMATION SYSTEMS
dc.subjectINSTRUMENT
dc.subjectINSURANCE SCHEMES
dc.subjectINTEREST PAYMENTS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE POLICY
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTMENT FINANCING
dc.subjectLABOR COSTS
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR PRODUCTIVITY
dc.subjectLIFE EXPECTANCY
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY POSITION
dc.subjectLITERACY
dc.subjectLIVING STANDARDS
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL GOVERNMENTS
dc.subjectMACROECONOMIC STABILITY
dc.subjectMANDATORY PENSION FUNDS
dc.subjectMARKET COMPETITION
dc.subjectMARKET FAILURES
dc.subjectMINIMUM PENSION
dc.subjectMONETARY POLICY
dc.subjectNATIONAL BANK
dc.subjectNATIONAL CURRICULUM
dc.subjectOIL
dc.subjectOIL PRICES
dc.subjectOPEN ECONOMY
dc.subjectPENSION
dc.subjectPENSION BASE
dc.subjectPENSION BENEFITS
dc.subjectPENSION CONTRIBUTION
dc.subjectPENSION FUNDS
dc.subjectPENSION POLICY
dc.subjectPENSION REFORM
dc.subjectPENSION SYSTEM
dc.subjectPENSIONERS
dc.subjectPENSIONS
dc.subjectPOLLUTION
dc.subjectPRICE INDEX
dc.subjectPRICE INDEXATION
dc.subjectPRIMARY EDUCATION
dc.subjectPRIVATE SECTOR INVESTMENT
dc.subjectPRODUCTIVITY
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC GOODS
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC SPENDING
dc.subjectPUBLIC-PRIVATE PARTNERSHIP
dc.subjectREAL ESTATE
dc.subjectREAL EXCHANGE RATE
dc.subjectRECURRENT EXPENDITURES
dc.subjectRELATED COSTS
dc.subjectRENTS
dc.subjectREPLACEMENT RATE
dc.subjectREPLACEMENT RATES
dc.subjectRESERVES
dc.subjectRESOURCE MANAGEMENT
dc.subjectRESPONSIBILITIES
dc.subjectRETIREMENT
dc.subjectRETIREMENT AGE
dc.subjectRETURN
dc.subjectRETURN ON ASSETS
dc.subjectRETURNS
dc.subjectREVENUE ENHANCEMENT
dc.subjectSAFETY NET
dc.subjectSAFETY NETS
dc.subjectSALARIES
dc.subjectSALARY
dc.subjectSAVINGS
dc.subjectSCHOLARSHIP
dc.subjectSCHOLARSHIPS
dc.subjectSECONDARY EDUCATION
dc.subjectSECONDARY SCHOOL
dc.subjectSENIOR
dc.subjectSHAREHOLDER
dc.subjectSHORT-TERM EXTERNAL DEBT
dc.subjectSICK LEAVES
dc.subjectSOCIAL ASSISTANCE
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL SECURITY
dc.subjectSOCIAL WELFARE
dc.subjectSUSTAINABLE GROWTH
dc.subjectTAX
dc.subjectTAX EXEMPTIONS
dc.subjectTAX RATES
dc.subjectTAX SYSTEM
dc.subjectTAXATION
dc.subjectTECHNICAL EDUCATION
dc.subjectTERM CONTRACTS
dc.subjectTRANSITION COUNTRIES
dc.subjectTRANSITIONAL ARRANGEMENTS
dc.subjectTRANSPARENCY
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT BENEFITS
dc.subjectWAGE
dc.subjectWAGE GROWTH
dc.subjectWAGE RATES
dc.subjectWASTE MANAGEMENT
dc.subjectWELFARE BENEFIT
dc.subjectWORLD TRADE
dc.subjectWORTH
dc.titleCroatia - Restructuring Public Finance to Sustain Growth and Improve Public Services : A Public Finance Review
dc.titleHrvatska - Restrukturiranje javnih financija radi podrske rastu i poboljsanju javnih usluga : analiza javnih financija

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