Improving the Content and Transparency of Budgetary Documents: Publish and Update the State Budget Proposal (HR0001)
Overview
At-a-Glance
Action Plan: Croatia Action Plan 2012-2013
Action Plan Cycle: 2012
Status:
Institutions
Lead Institution: Ministry of Finance
Support Institution(s): Competent Ministries
Policy Areas
Debt, Fiscal Openness, Publication of Budget/Fiscal InformationIRM Review
IRM Report: Croatia IRM Progress Report 2012-2013
Early Results: No IRM Data
Design i
Verifiable: Yes
Relevant to OGP Values: Yes
Ambition (see definition): High
Implementation i
Description
Publish the proposal of the state budget timely and update it so that it contains the
following: a) Information which shows how proposals of new statutory solutions will influence the
revenue and expenditure of the budgetary year in comparison with the existing legislation; b) Functional classification of expenditures for the budgetary year and the year preceding it; c) The state of public debt at the beginning and end of the budgetary year; d) Structure of public debt for the budgetary year and the year preceding it; e) Arrears with current state on 30 June; f) Information on contingent liabilities for the budgetary year (guarantees); g) Information about where it is possible to find the data on the impact of macroeconomic presumptions on budget revenue, expenditure and debt (sensitivity analysis). Update monthly reports on the execution of the state budget for 2013 with the data on expenses incurred according to the organisational classification and publish them no later than a month following the completion of the period to which they pertain. "Update the semi-annual report on the state budget execution for 2013 with: a) An explanation about how the changed economic conditions and proposals of new statutory solutions will influence the planned revenue and expenditure by the end of the year; b) Modified revenue and expenditure plan for the budgetary year with detailed explanations within statutory deadlines; c) Information about where the updated revenue and expenditure forecasts for the two years following the budgetary year can be found.
" Update the annual report on the state budget execution for 2012 with an explanation about the difference between the original macroeconomic forecasts for the budgetary year and the real outcomes and publish it within statutory deadlines