Fiskalna politika i njezin utjecaj na kretanja u hrvatskom gospodarstvu
The basic objective of this article is the analysis of: 1. Budgetary income and expenditure in the period 1994-1998 and their share in GDP for comprehension of income redistribution extent; 2. Utilization of instruments of public income and expenditures and their influence to possible objectives of...
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| Veröffentlicht in: | Ekonomski pregled |
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| Format: | UnknownFormat |
| Sprache: | srp |
| Veröffentlicht: |
1998
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Tag hinzufügen | Zusammenfassung: | The basic objective of this article is the analysis of: 1. Budgetary income and expenditure in the period 1994-1998 and their share in GDP for comprehension of income redistribution extent; 2. Utilization of instruments of public income and expenditures and their influence to possible objectives of economic policyy as there are full employment, production increase, etc.; 3. Financial result of business operation of enterprise. The analysis for the period 1994-1998 establishes the growth of gross public revenues and expenditures (of national budget, non-budgetary funds and local budgets) and increase of their share in GDP which will in 1998 move at the level of about 56%. In gross revenues of national budget the largest part belongs to indirect taxes, especially to sales and turnover tax from which 2/3 of tax yields have been paid. High labour burdening in tax yields of consollidated budget, disproportionately to capital, negatively reflects to employment. In terms of that we can praise the announced decrease of wage burden in 1998. Tax reliefs (investment tax relief, tax exemption of reinvested profit, accelerated depreciation, etc.) as a very wide spread measure of state intervention, especially in market economies for industry suport, have not been used at all. In the structure of expenditures prevail wage expenditures for employed, current expenditures (defense, interests, public security), social expenses, while the measures which would stimulate economic growth and employment are reduced mainly to transfers to Croatian railways (1% of GDP), agriculture support (0,5%) and expenditures for initiative and restructuring of shipbuilding (0,16% of GDP). + Such excessive and by the look of it "neutral" budget along to current monetary policy which is characterized by overvalued kuna rate and still high interest rates negatively reflected to business operations of economy. Although in 1997 existed signs which suggested certain recovery, the problems of structure and financial disequilibrium will in following years burden Croatian economy. We consider here the processes of deindustrialization, disinvestment, deficit accumulation and iliquidity increase, as well as the problem of employment and high foreign indebtedness. We have not dealt with the problem of indebtedness in particular, but it will in long--terms unfavourably influence Croatian economy. In 1998 along to planned fiscal and announced monetary policy whose main objective is the coverage of growing expenditures by increasing share of income in GDP, and maintenance of price and rate stability and not development, we can expect further aggravation of liquidity and increase of losses of enterprise, low investment rate and maintenance of high unemployment rate, and increase of internal and external indebtedness. (SOI : EP: S. 397) |
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| Beschreibung: | Fiscal policy and its influence upon Croatian economy tendencies |
| Beschreibung: | Graph. Darst graph. Darst., Tab. |
| ISSN: | 0424-7558 |