ZAGREB, Nov 21 (Reuters) - The Croatian government adopted on Saturday the 2010 budget proposal reducing the gap it has to plug to 2.5 percent of gross domestic product from close to three percent targeted this year.
The expenditures will remain virtually flat amid an expected marginal economic recovery of 0.5 percent after this year's expected contraction of between five and six percent.
The planned revenues are seen 1.5 percent up from 2009 at 112.8 billion kuna ($22.91 billion).
The expenditures, which have been steadily expanding each year in this decade, are planned at 121.4 billion kuna.
The parliament has to approve the 2010 budget by mid-December.
(Reporting by Igor Ilic; editing by James Jukwey) ($1=4.924 Croatian Kuna) Keywords: CROATIA BUDGET/ (igor.ilic@reuters.com; +385 1 4899970; Reuters Messaging: igor.ilic.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The expenditures will remain virtually flat amid an expected marginal economic recovery of 0.5 percent after this year's expected contraction of between five and six percent.
The planned revenues are seen 1.5 percent up from 2009 at 112.8 billion kuna ($22.91 billion).
The expenditures, which have been steadily expanding each year in this decade, are planned at 121.4 billion kuna.
The parliament has to approve the 2010 budget by mid-December.
(Reporting by Igor Ilic; editing by James Jukwey) ($1=4.924 Croatian Kuna) Keywords: CROATIA BUDGET/ (igor.ilic@reuters.com; +385 1 4899970; Reuters Messaging: igor.ilic.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2009 AFX News
