Croatia, which will enter the euro zone on Jan. 1, passed its first budget in euros on Tuesday, targeting a general deficit of 2.3% of gross domestic product based on the projection of 0.7% economic growth for 2023.
"This is Croatia's first budget denominated in the euro," Finance Minister Marko Primorac said as he presented the budgetary plans.
In July, European Union finance ministers formally approved Croatia - an EU member state since 2013 - becoming the 20th member of the euro common currency at the start of 2023, setting the conversion rate for entry at one euro to 7.53450 Croatian kuna.Prime Minister Andrej Plenkovic said the budget aims to cushion the effects of the Ukrainian war-triggered economic crisis, maintain growth and preserve social stability.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Consensus 2023 Presented by CoinDesk | April 26-28, 2023Join the most important conversation in crypto and Web3 at Consensus2023. Take advantage of our CyberMonday deal before 11:59 p.m. ET on Nov. 30 and grab your free passes to Consensus2023 👉
Read more »
US to enter a recession in 2023 – Danske BankThe outlook for the US economy appears challenging. Economists at Danske Bank expect growth to continue moderating. Recession looming in 2023 “The US
Read more »
2023 Lamborghini Huracán Tecnica LP-640 First Test: A Can’t-Miss MissileBlending the best elements from the racy Huracán STO with a more livable setup.
Read more »
Dungeons & Dragons' First 2023 Book Description, Release Date RevealedThe Amazon page for the next Dungeons & Dragons book is up, providing fans with some new [...]
Read more »
Here's our first look at Google's 2023 mid-ranger, the Pixel 7aOnleaks has posted renders of the Pixel 7a mid-ranger which looks like a cute mini Pixel 7 from the back and the front.
Read more »
Read the First Chapter of Chloe Gong's Epic Fantasy Immortal LongingsThe superstar YA author reveals the cover and first excerpt of her much-anticipated 2023 release.
Read more »