Republic of Croatia; 2006 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Croatia

The 2006 Article IV consultation underlies policy issues, including fiscal policy, monetary policy, and structural issues of the Republic of Croatia. Although bank restructuring and privatization have strengthened the financial sector, strong credit expansion and foreign exchange-induced credit risk have raised concerns. To address external vulnerabilities and reduce the burden of the large government on economic growth, Executive Directors recommended more ambitious fiscal consolidation than the authoritiesâ€™ medium-term plans currently envisage. They stressed the urgency of restructuring the loss-making shipyards and removing impediments to privatization.

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Year of publication:	2007-02-27
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Article IV consultation reports \| Budget deficits \| Economic reforms \| Economic growth \| Economic indicators \| Staff Reports \| external debt \| current account \| current account deficit \| fiscal policy \| public debt \| fiscal consolidation \| central bank \| debt sustainability \| balance of payments \| fiscal adjustment \| debt service \| fiscal deficit \| fiscal framework \| medium-term fiscal framework \| debt ratio \| external borrowing \| foreign borrowing \| government expenditure \| short-term debt \| current account balance \| public sector debt \| repayments \| primary deficit \| fiscal balance \| foreign debt \| government revenue \| budgetary funds \| external debt sustainability \| general government expenditure \| government deficit \| government debt \| external financing \| debt stock \| net external debt \| domestic financing \| total external debt \| fiscal targets \| domestic currency \| external debt data \| fiscal deficits \| external debt service \| currency risk \| fiscal activities \| quasi-fiscal activities \| reserve assets \| debt data \| net debt \| public spending \| budget balance \| fiscal flexibility \| aggregate demand \| debt dynamics \| public expenditure \| tax cuts \| domestic saving \| fiscal decentralization \| general resources account \| expenditure restraint \| fiscal policy goals \| debt service to export \| domestic savings \| external debt accumulation \| central government expenditure \| budget deficit \| revenue collection \| fiscal sustainability \| debt-service \| interest expenditure \| debt service to exports \| reserve management \| tax performance \| long-term loans \| debt statistics \| fiscal accounts \| fiscal transparency \| long-term debt \| fiscal assumptions \| tax policy \| debt accumulation \| external debt statistics \| debt sustainability analysis \| quasi-fiscal deficit \| fiscal model \| fiscal management \| fiscal risks \| tax burden \| fiscal risk \| accumulation of arrears \| primary budget balance \| external obligations \| government expenditures \| fiscal reporting

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 07/81 7 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243987