51. Standing fast
- Subjects
Croatia -- Economic policy ,Expenditures, Public -- Laws, regulations and rules ,Expenditures, Public -- Economic aspects ,Government regulation ,Business ,Business, international - Abstract
The Croatian government has refused to reduce spending or seek International Monetary Fund aid despite its deteriorating economic situation. The government's 2009 budget is 5.3 percent higher than projected 2008 revenue. The government has secured a loan from a syndicate of domestic banks to refinance debts.
- Published
- 2009