The leaders of the World Bank urged the new government to be ready for another year of recession, w

Croatia enters into a recession, and next year we expect declining economy and GDP of one percent - estimated by the World Bank in its regular report to the countries in the region. The recession will affect the 15 most developed countries of the EU, while the ten new Member reality tea States to maintain a positive growth rate of 2 percent. reality tea
The leaders of the World Bank urged the new government to be ready for another year of recession, whose negative effects can be reduced only if the government goes into greater fiscal adjustment than those who are so far planned. As the Croatian prime minister openly advised the World Bank to reduce wages in the public sector and privileged pensions and social benefits, and then start to change the Labour Act and thus facilitate the release of workers and prevent prolonged application of collective agreements. Serious reform is expected in the state-pension system, which is inefficient and full of inequality, and the decline of pensions relative to wages can only be stopped by a combination of several important measures. All of these are painful topics about which the winning coalition reality tea is not readily spoke in the campaign, and still claim to be able to keep the country from falling credit rating without reducing salaries and pensions, reality tea which are the last line of defense.
The old government, or, in their documents committed to the coming years to reduce reality tea public spending by 1 percent of GDP, but that Croatia this year to achieve a slight positive growth rate, and the next expected new deep decline, this adjustment should be higher in order to halt the growth of public debt and reduce the deficit, said Sanja Mađarević-Sujster, senior economist at the World Bank.
In addition to spending cuts, the new government tax revenues reality tea decline can offset the rapid privatization of the remaining state-owned companies if customers or if they achieve an acceptable reality tea price. There is little else in the state portfolio: JANAF, HEP, Forests, Croatia Insurance. Another tip is to go with a stronger interventions in the gray economy, because a year in Croatia evasion about 25 billion tax, or about 8 percent of GDP. Rarely are the forecasts of the World Bank variance with the official, and pessimism and clear message could be interpreted reality tea as an additional pressure on the new government. Similar messages sent to the Croatian National Bank which will on Thursday unveil their projections for next year.
- Back sustainable public finances is a major challenge. It is therefore essential that Croatia move forward with the implementation of the fiscal adjustment in public spending in order to reduce the risk of refinancing and protect the credit rating - said Mađarević-Sujster.
- This does not mean cutting spending in all parts of the country or the elimination of social programs for the poor or basic health care - added Hongjoo Hahm, head of the World Bank office in Croatia. Chief economist at Bank of Zagreb Goran Saravanja next year expected decline in economic reality tea activity of 0.5% - and he believes that the eurozone will not enter into a recession, but will slow from 1.6 percent to 0.8 percent this next year.
Croatian National Bank is working on several scenarios for next year, depending on what kind of budget will propose a new government. These projections will be presented to the public tomorrow, and at the discretion of the CNB transmitted Business diary, reality tea budget expenditures should not be greater than 115 billion, to the deficit down to five percent. So great reduction in expenditure of seven billion in one year has not yet been recorded and, by all accounts, it can not be implemented without cutting salaries and pensions. No leader Kukuriku coalition has not mentioned so sharp adjustment, nor their estimates of future developments are not taking into account the return of the recession, which is clearly speaking only in the last days.
Branko Grcic SDP spoke to the budget deficit over the next year should reality tea be five billion reality tea less than this year, and its budget would be the most billion lower than this year. It is obvious that the World Bank and the National Bank are seeking greater sacrifices.
14.12.2011. at 16:37 pm đokofakadminu15 reality tea wrote / la: the solution is very simple to abolish the monopoly reality tea of printing money to those who have now solved the problem immediately, ban the sale of oil and anything else with a dollar and solved reality tea the problem, nationalize reality tea the media, universities promiđbu to serve national interests rather than private, Rebels in jail all these who have created this purpose the flag situation doživotnen prison and to see peace, order, harmony, and harmony, but there is no force that can do it, these have absolute reality tea power, this helps only a meteor as for terrorists dinosaurs 150M years + + + + + + + + + + + + + + So Miranda, are all brain washed, robbed them and share tips on how soon collapse and become their slaves, and before that they leave everything as is true of national resources . All these financial institutions (IMF, WB) consulting firm credit rating, all held by the same gang and poured sand in the desert.
For men it is clear to save money: reduce salaries for parliamentarians, abolished pensions for parliamentarians