BUDGET DEFICIT AND PUBLIC DEBT OF THE REPUBLIC OF CROATIA : Graduate paper

Državni proračun predstavlja godišnje prihode, primitke, rashode i izdatke svih proračunskih korisnica u Republici Hrvatskoj. U proračunske korisnike ubrajaju se sva ministarstva, jedinice državne uprave, jedinice državne vlasti i drugi korisnici proračunskih sredstava. Donošenje državnog proračuna važna je zadaća koja je povjerena Ministarstvu financija. Ministarstvo financija nakon što izradi proračun za iduću godinu, on ide na provjeru u Vladu Republike Hrvatske koja ga na kraju odobrava. Javni dug čine iznosi koje je država pozajmljivala kako bi financirala prošle deficite te se razina istog povećava ili smanjuje ovisno o omjeru državnih prihoda i državnih rashoda. Temeljni cilj rada je analizirati kretanje javnih prihoda i javnog rashoda u razdoblju 2015-2019. Analizom je utvrđeno da se jaz između javnih prihoda i javnih rashoda u promatranom razdoblju konstantno smanjivao. Također, cilj je rada analizirati kretanje javnog duga Republike Hrvatske u razdoblju 2015- 2019. Analizom je utvrđeno da se udio javnog duga u BDP-u smanjivao, što je dobar pokazatelj da su aktivnosti koje su provedene u svrhu reduciranja javnog duga kvalitetne.The state budget represents the annual revenues, receipts, expenses and expenditures of all budget users in the Republic of Croatia. Budget users include all ministries, state administration units, state government units and other users of budget funds. Adoption of the state budget is an important task entrusted to the Ministry of Finance. The Ministry of Finance, after preparing the budget for next year, goes to the Government of the Republic of Croatia for verification, which eventually approves budget. Public debt consists of amounts borrowed by the state to finance past deficits, and the level of the same increases or decreases depending on the ratio of government revenues and government expenditures. The basic goal of the paper is to analyze the movement of public revenues and public expenditures in the period 2015-2019. The analysis showed that the gap between public revenues and public expenditures in the observed period was constantly decreasing. Also, the aim of this paper is to analyze the movement of public debt of the Republic of Croatia in the period 2015-2019. The analysis found that the share of public debt in GDP was declining, which is a good indicator that the activities carried out to reduce public debt are of good quality