Croatia's Jan-May Govt Budget Surplus at 3.2 Bln Kuna (449.8 Mln Euro)

The Finance Ministry issued no comparative figures but earlier estimates showed that Croatia’s government budget surplus totaled 1.404 billion kuna in the first five months of 2007.

Details follow (in thousands of kuna):

The parliament of EU candidate Croatia in July revised the 2008 consolidated budget deficit projection to 1.3% of gross domestic product (GDP), equivalent to 3.989 billion kuna, as part of migration to a calculation methodology used in the bloc. The country projects a central government deficit of 0.9%, a deficit of 0.3% in extra-budgetary funds and a gap of 0.1% in the local governments' budget.

The Adriatic country, which started accession talks in 2005, hopes to join the EU around 2011 and aims to switch to the euro three years after entering the union.

(1 euro = 7.115 Croatian kuna)