Republic of Croatia: Selected Issues

May 16, 2008

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Republic of Croatia: Selected Issues, (USA: International Monetary Fund, 2008) accessed December 28, 2024

Summary

The first analysis focuses on external stability, an important issue in view of Croatia’s external imbalances and the requirements of the IMF’s 2007 Decision on Bilateral Surveillance. The paper shows that the real exchange rate is broadly in line with economic fundamentals and that external debt dynamics are sustainable as long as macroeconomic policies remain strong. The second analysis finds significant inefficiencies in Croatia’s social spending. It also discusses several reform measures to reduce inefficiencies in public spending and generate budgetary savings to reduce the general government deficit.

Subject: Balance of payments, Current account balance, Education, Expenditure, External debt, Health, Health care spending

Keywords: Balance, CR, Croatia, Current account balance, Debt, Education outcome, Efficiency score, Europe, GDP, Global, Health care spending, ISCR, NICA balance, OECD country, Poverty rate, School enrollment, Spending, Student-teacher ratio, System efficiency

Publication Details

Pages:

71
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/159
Stock No:

1HRVEA2008002
ISBN:

9781451817478
ISSN:

1934-7685

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