Linic: No Aid from IMF Needed

People ♦ Published: November 15, 2013; 19:04 ♦ (Vindobona)

According to Croatia´s Minister of Finance Slavko Linic, the country will manage the financial crisis on its own.

Linic: No Aid from IMF Needed / Picture: ©

Next year, Croatia´s government will not call for international aid programs, Linic stressed. After the Croat parliament has approved the 2014 budget, Linic is more optimistic to overcome the fiscal difficulties without the IMF.

This year, Croatia´s budget deficit is expected to reach 5.5% of GDP. At the beginning of 2013, the anticipated deficit came at 3.5% of GDP. In 2014,…