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Nov 02, 2017 13:30 EEST
November 2 (SeeNews) - Croatia's finance minister said on Thursday he expects a central government budget deficit of 0.6% of GDP for 2017, lower than previously projected, thanks to successfully implemented tax reforms and predicted economic growth.
Earlier this year, Croatia said its budget gap would expand to 1.3% of GDP this year from 0.9% in 2016.
In 2018, the country's budget gap is expected to edge down to 0.5%, while in 2020 Croatia predicts a surplus of 0.8% of GDP, finance minister Zdravko Maric said during a government session aired live on its website.
The country's GDP growth is predicted to reach 3.2% at the end of the year, before falling to 2.9% next year, 2.6% in 2019 and 2.5% in 2020.
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