Republic of Croatia: Selected Issues

International Monetary Fund

No 2008/159, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; Croatia; GDP; spending; balance; debt; efficiency score; student-teacher ratio; system efficiency; education outcome; NICA balance; poverty rate; school enrollment; OECD country; Current account balance; Health care spending; Global; Europe (search for similar items in EconPapers)
Pages: 71
Date: 2008-05-16
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