• Sat. Dec 9th, 2023

Finance Minister Plenković Unveils 32.6 Billion Euro Budget with Focus on Wage and Pension Increases


Nov 21, 2023

Croatia’s Prime Minister Andrej Plenković recently unveiled the country’s State Budget for the upcoming year to members of Parliament. This is the eighth budget proposed under significantly different geopolitical circumstances, and the main priorities remain protecting vulnerable citizens, ensuring public finance security, and continuing to invest in Croatia’s development.

The country is currently facing an energy and food crisis, as well as inflationary pressures. To address these challenges, the government has implemented measures to preserve social cohesion, prevent rising prices, and ensure that essential institutions continue to function properly.

In his speech, the Prime Minister emphasized the importance of political stability in achieving strategic goals and managing crises. He highlighted the government’s efforts to ensure macroeconomic and financial stability, improve Croatia’s credit rating, and secure 25 billion euros from European sources.

Key priorities for next year’s budget include capital investments in transport infrastructure, reconstruction, energy, and education. The government also aims to reduce public debt, maintain a budget deficit below three percent, and increase salaries and pensions for citizens.

Furthermore, the budget includes funds for specific programs such as the Law on Personal Assistance, the Law on Inclusive Allowance

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