Croatia - Regaining Fiscal Sustainability and Enhancing Effectiveness : A Public Expenditure and Institutional Review
The report presents the macroeconomic setting, and fiscal developments in the 1990s in Croatia, a country facing an unparalleled opportunity towards sustainable growth, and integration into the European Union. Nonetheless, the country needs to sust...
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| Format: | Public Expenditure Review |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2001/11/1631673/croatia-regaining-fiscal-sustainability-enhancing-effectiveness-public-expenditure-institutional-review http://hdl.handle.net/10986/15484 |
| id |
okr-10986-15484 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ADMINISTRATIVE COSTS AFFILIATES AUDITING BUDGET EXECUTION BUDGET FORMULATION BUDGET MANAGEMENT BUDGETARY FUNDS CAPITAL MARKETS CENTRAL GOVERNMENT CIVIL SERVICE CLIMATE CONSTITUTION CORPORATE INCOME TAX CPI DEPOSIT INSURANCE DEVOLUTION EBF ECONOMIC ACTIVITY EDUCATION EXCHANGE RATE EXECUTION FINANCIAL INSTITUTIONS FINANCIAL VIABILITY FISCAL FISCAL BURDEN FISCAL CRISIS FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICY FISCAL STRESS FISCAL SUSTAINABILITY FISCAL YEAR FOREIGN DIRECT INVESTMENT GENERAL PRACTITIONERS GNP GOVERNMENT BUDGETS GOVERNMENT EFFORTS GOVERNMENT FINANCE GOVERNMENT OFFICIALS GOVERNMENT PROGRAM GOVERNMENT REVENUES GOVERNMENT SIZE GROSS DOMESTIC PRODUCT GROSS EARNINGS GROSS NATIONAL PRODUCT HEALTH HEALTH CARE HEALTH EXPENDITURES HEALTH SERVICES HEALTH SPENDING HOME CARE HOSPITALS INCOME INCOME DISTRIBUTION INDIVIDUAL ACCOUNTS INFLATION INSURANCE LABOR FORCE LABOR MARKET LABOR MARKET POLICIES LEGISLATION LOCAL AUTHORITIES LOCAL GOVERNMENTS MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MACROECONOMICS MINISTRIES OF DEFENSE MINISTRY OF FINANCE PENSIONS POVERTY ALLEVIATION POVERTY LINE PREFERENTIAL TREATMENT PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRIVILEGED GROUPS PROFITABILITY PUBLIC DEBT PUBLIC EMPLOYMENT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR EMPLOYMENT PUBLIC SECTOR WAGES PUBLIC SECTOR WORKFORCE PUBLIC SERVICE PUBLIC SPENDING RATIONALIZATION REAL WAGES RECAPITALIZATION REDUCTION IN EMPLOYMENT REFUGEES REHABILITATION RESOURCE MOBILIZATION RETIREMENT SAVINGS SOCIAL ASSISTANCE SOCIAL COSTS SOCIAL PROTECTION SOCIAL SECTOR SOCIAL SECTOR EXPENDITURES SOCIAL TRANSFERS SOCIAL WELFARE STATE BUDGET SUSTAINABLE GROWTH TAX BURDEN TAX COMPLIANCE TAX EXEMPTION TAX REFORM TAX REVENUES TAXATION TOTAL EXPENDITURES TRANSPORT TREASURY UNEMPLOYMENT PUBLIC EXPENDITURES MACROECONOMIC STABILIZATION INVESTMENT ENVIRONMENT EUROPEAN UNION MEMBERSHIP WORLD TRADE ORGANIZATION PUBLIC SECTOR MANAGEMENT REFORM POLICY SIZE OF GOVERNMENT FISCAL DEFICITS TAXATION POLICY FRAMEWORK PUBLIC FINANCE BUDGET MANAGEMENT FISCAL ADMINISTRATION CASH MANAGEMENT BUDGETARY REFORMS BUDGET LAW & LEGISLATION BUDGET IMPLEMENTATION BUDGET PROCESS |
| spellingShingle |
ADMINISTRATIVE COSTS AFFILIATES AUDITING BUDGET EXECUTION BUDGET FORMULATION BUDGET MANAGEMENT BUDGETARY FUNDS CAPITAL MARKETS CENTRAL GOVERNMENT CIVIL SERVICE CLIMATE CONSTITUTION CORPORATE INCOME TAX CPI DEPOSIT INSURANCE DEVOLUTION EBF ECONOMIC ACTIVITY EDUCATION EXCHANGE RATE EXECUTION FINANCIAL INSTITUTIONS FINANCIAL VIABILITY FISCAL FISCAL BURDEN FISCAL CRISIS FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICY FISCAL STRESS FISCAL SUSTAINABILITY FISCAL YEAR FOREIGN DIRECT INVESTMENT GENERAL PRACTITIONERS GNP GOVERNMENT BUDGETS GOVERNMENT EFFORTS GOVERNMENT FINANCE GOVERNMENT OFFICIALS GOVERNMENT PROGRAM GOVERNMENT REVENUES GOVERNMENT SIZE GROSS DOMESTIC PRODUCT GROSS EARNINGS GROSS NATIONAL PRODUCT HEALTH HEALTH CARE HEALTH EXPENDITURES HEALTH SERVICES HEALTH SPENDING HOME CARE HOSPITALS INCOME INCOME DISTRIBUTION INDIVIDUAL ACCOUNTS INFLATION INSURANCE LABOR FORCE LABOR MARKET LABOR MARKET POLICIES LEGISLATION LOCAL AUTHORITIES LOCAL GOVERNMENTS MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MACROECONOMICS MINISTRIES OF DEFENSE MINISTRY OF FINANCE PENSIONS POVERTY ALLEVIATION POVERTY LINE PREFERENTIAL TREATMENT PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRIVILEGED GROUPS PROFITABILITY PUBLIC DEBT PUBLIC EMPLOYMENT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR EMPLOYMENT PUBLIC SECTOR WAGES PUBLIC SECTOR WORKFORCE PUBLIC SERVICE PUBLIC SPENDING RATIONALIZATION REAL WAGES RECAPITALIZATION REDUCTION IN EMPLOYMENT REFUGEES REHABILITATION RESOURCE MOBILIZATION RETIREMENT SAVINGS SOCIAL ASSISTANCE SOCIAL COSTS SOCIAL PROTECTION SOCIAL SECTOR SOCIAL SECTOR EXPENDITURES SOCIAL TRANSFERS SOCIAL WELFARE STATE BUDGET SUSTAINABLE GROWTH TAX BURDEN TAX COMPLIANCE TAX EXEMPTION TAX REFORM TAX REVENUES TAXATION TOTAL EXPENDITURES TRANSPORT TREASURY UNEMPLOYMENT PUBLIC EXPENDITURES MACROECONOMIC STABILIZATION INVESTMENT ENVIRONMENT EUROPEAN UNION MEMBERSHIP WORLD TRADE ORGANIZATION PUBLIC SECTOR MANAGEMENT REFORM POLICY SIZE OF GOVERNMENT FISCAL DEFICITS TAXATION POLICY FRAMEWORK PUBLIC FINANCE BUDGET MANAGEMENT FISCAL ADMINISTRATION CASH MANAGEMENT BUDGETARY REFORMS BUDGET LAW & LEGISLATION BUDGET IMPLEMENTATION BUDGET PROCESS World Bank Croatia - Regaining Fiscal Sustainability and Enhancing Effectiveness : A Public Expenditure and Institutional Review |
| geographic_facet |
Europe and Central Asia Croatia |
| relation |
Public expenditure review (PER); |
| description |
The report presents the macroeconomic
setting, and fiscal developments in the 1990s in Croatia, a
country facing an unparalleled opportunity towards
sustainable growth, and integration into the European Union.
Nonetheless, the country needs to sustain macroeconomic
stabilization, and improve the investment climate. To this
effect, public sector reform needs to be oriented to
diminish the size of the state, and reduce the fiscal
deficit to sustain macroeconomic stability in the medium
term. Yet, the scope for reducing the deficit through
revenue increases is limited, even though a decrease in the
tax burden would be highly desirable. This means that most
of the adjustment will need to be made in public
expenditures, particularly by identifying, and implementing
policies that will reduce the level of expenditures, while
improving their effectiveness; thus, budgetary management
improvement will be critical to this effort. The report
analysis indicates that the current budget in Croatia is not
a comprehensive measure of all fiscal activity, namely that
five extra-budgetary funds are not included in the budget;
that off-budget revenues, outside of the extra-budgetary
funds, still exist; that the cash budgeting system leads to
the accumulation of arrears that do not appear in budget
presentations; and, that laws outside of the budget law,
lead to mandatory spending that falls outside of the budget process. |
| format |
Economic & Sector Work :: Public Expenditure Review |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Croatia - Regaining Fiscal Sustainability and Enhancing Effectiveness : A Public Expenditure and Institutional Review |
| title_short |
Croatia - Regaining Fiscal Sustainability and Enhancing Effectiveness : A Public Expenditure and Institutional Review |
| title_full |
Croatia - Regaining Fiscal Sustainability and Enhancing Effectiveness : A Public Expenditure and Institutional Review |
| title_fullStr |
Croatia - Regaining Fiscal Sustainability and Enhancing Effectiveness : A Public Expenditure and Institutional Review |
| title_full_unstemmed |
Croatia - Regaining Fiscal Sustainability and Enhancing Effectiveness : A Public Expenditure and Institutional Review |
| title_sort |
croatia - regaining fiscal sustainability and enhancing effectiveness : a public expenditure and institutional review |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2001/11/1631673/croatia-regaining-fiscal-sustainability-enhancing-effectiveness-public-expenditure-institutional-review http://hdl.handle.net/10986/15484 |
| _version_ |
1764426792953708544 |
| spelling |
okr-10986-154842021-04-23T14:03:14Z Croatia - Regaining Fiscal Sustainability and Enhancing Effectiveness : A Public Expenditure and Institutional Review World Bank ADMINISTRATIVE COSTS AFFILIATES AUDITING BUDGET EXECUTION BUDGET FORMULATION BUDGET MANAGEMENT BUDGETARY FUNDS CAPITAL MARKETS CENTRAL GOVERNMENT CIVIL SERVICE CLIMATE CONSTITUTION CORPORATE INCOME TAX CPI DEPOSIT INSURANCE DEVOLUTION EBF ECONOMIC ACTIVITY EDUCATION EXCHANGE RATE EXECUTION FINANCIAL INSTITUTIONS FINANCIAL VIABILITY FISCAL FISCAL BURDEN FISCAL CRISIS FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICY FISCAL STRESS FISCAL SUSTAINABILITY FISCAL YEAR FOREIGN DIRECT INVESTMENT GENERAL PRACTITIONERS GNP GOVERNMENT BUDGETS GOVERNMENT EFFORTS GOVERNMENT FINANCE GOVERNMENT OFFICIALS GOVERNMENT PROGRAM GOVERNMENT REVENUES GOVERNMENT SIZE GROSS DOMESTIC PRODUCT GROSS EARNINGS GROSS NATIONAL PRODUCT HEALTH HEALTH CARE HEALTH EXPENDITURES HEALTH SERVICES HEALTH SPENDING HOME CARE HOSPITALS INCOME INCOME DISTRIBUTION INDIVIDUAL ACCOUNTS INFLATION INSURANCE LABOR FORCE LABOR MARKET LABOR MARKET POLICIES LEGISLATION LOCAL AUTHORITIES LOCAL GOVERNMENTS MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MACROECONOMICS MINISTRIES OF DEFENSE MINISTRY OF FINANCE PENSIONS POVERTY ALLEVIATION POVERTY LINE PREFERENTIAL TREATMENT PRIVATE SECTOR PRIVATE SECTOR PARTICIPATION PRIVATIZATION PRIVILEGED GROUPS PROFITABILITY PUBLIC DEBT PUBLIC EMPLOYMENT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR EMPLOYMENT PUBLIC SECTOR WAGES PUBLIC SECTOR WORKFORCE PUBLIC SERVICE PUBLIC SPENDING RATIONALIZATION REAL WAGES RECAPITALIZATION REDUCTION IN EMPLOYMENT REFUGEES REHABILITATION RESOURCE MOBILIZATION RETIREMENT SAVINGS SOCIAL ASSISTANCE SOCIAL COSTS SOCIAL PROTECTION SOCIAL SECTOR SOCIAL SECTOR EXPENDITURES SOCIAL TRANSFERS SOCIAL WELFARE STATE BUDGET SUSTAINABLE GROWTH TAX BURDEN TAX COMPLIANCE TAX EXEMPTION TAX REFORM TAX REVENUES TAXATION TOTAL EXPENDITURES TRANSPORT TREASURY UNEMPLOYMENT PUBLIC EXPENDITURES MACROECONOMIC STABILIZATION INVESTMENT ENVIRONMENT EUROPEAN UNION MEMBERSHIP WORLD TRADE ORGANIZATION PUBLIC SECTOR MANAGEMENT REFORM POLICY SIZE OF GOVERNMENT FISCAL DEFICITS TAXATION POLICY FRAMEWORK PUBLIC FINANCE BUDGET MANAGEMENT FISCAL ADMINISTRATION CASH MANAGEMENT BUDGETARY REFORMS BUDGET LAW & LEGISLATION BUDGET IMPLEMENTATION BUDGET PROCESS The report presents the macroeconomic setting, and fiscal developments in the 1990s in Croatia, a country facing an unparalleled opportunity towards sustainable growth, and integration into the European Union. Nonetheless, the country needs to sustain macroeconomic stabilization, and improve the investment climate. To this effect, public sector reform needs to be oriented to diminish the size of the state, and reduce the fiscal deficit to sustain macroeconomic stability in the medium term. Yet, the scope for reducing the deficit through revenue increases is limited, even though a decrease in the tax burden would be highly desirable. This means that most of the adjustment will need to be made in public expenditures, particularly by identifying, and implementing policies that will reduce the level of expenditures, while improving their effectiveness; thus, budgetary management improvement will be critical to this effort. The report analysis indicates that the current budget in Croatia is not a comprehensive measure of all fiscal activity, namely that five extra-budgetary funds are not included in the budget; that off-budget revenues, outside of the extra-budgetary funds, still exist; that the cash budgeting system leads to the accumulation of arrears that do not appear in budget presentations; and, that laws outside of the budget law, lead to mandatory spending that falls outside of the budget process. 2013-08-29T14:12:16Z 2013-08-29T14:12:16Z 2001-11 http://documents.worldbank.org/curated/en/2001/11/1631673/croatia-regaining-fiscal-sustainability-enhancing-effectiveness-public-expenditure-institutional-review http://hdl.handle.net/10986/15484 English en_US Public expenditure review (PER); CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Public Expenditure Review Economic & Sector Work Europe and Central Asia Croatia |