The Minister of Finance, Zdravko Marić, stated that the revenue side of the budget is doing well and that the final calculation of VAT will be at the end of the month, and that so far tax revenues are not in a significant decline.
“The good news is that contributions are falling by about 2%, which means that trends in the labour market are still positive, i.e. we managed to preserve employment,” said Marić.
“After a month and a half of complete economic 'lockdown' in Croatia, with all the measures that followed, we had 50 percent of the tourist season compared to 2019. When compared to other Mediterranean countries, it was a good tourist season and above expectations. The year is behind us. We need to look ahead,” he added.
“The growth rate is around 5 percent, and for next year the projection is somewhere over 3 percent,” said Marić.
“In accordance with some of our projections, we should start withdrawing and absorbing European Union funds from the new generation of EU funds at the end of this year. We have both negative and positive risks. When you mention tourism, then this year we do not expect a return to 2019, or even next year. This could be expected in 2023 at the earliest. In any case, this year we expect a growth of tourism compared to last year,” said the Minister of Finance.