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Nov 17, 2017 16:02 EEST
November 17 (SeeNews) - Croatia's parliament on Friday revised the 2017 state budget, slashing expenditures by 1.6 billion kuna ($249.4 million/211.4 million euro) to 126.8 billion kuna, while revenues amount to 122.5 billion kuna.
The revision was approved in a 79-45 vote, with one abstention, during the parliament sitting aired on public broadcaster HRT.
Earlier this month, Croatia's finance minister Zdravko Maric said he expects central government budget deficit to be equivalent to 0.6% of GDP in 2017, lower than previously forecast, on the back of successfully implemented tax reforms and projected economic growth.
Earlier this year, Croatia said its budget gap would widen to 1.3% of GDP in 2017, from 0.9% in 2016.
The government has forecast Croatia's annual GDP growth will accelerate to 3.2% in 2017, from from 2.9% last year, before slowing to 2.9% next year, 2.6% in 2019 and 2.5% in 2020.
(1 euro=7.56687 kuna)
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