Monday, April 19, 2010

Crisis tax ends in November


Croatian Prime Minister Jadranka Kosor has said the country's crisis tax will end in November this year.Speaking at a press conference today (Mon) the PM said the two percent tax on pensions and other incomes higher than 3,000 kunas or 409 Euros a month would be abolished from 1 July, while all incomes higher than 6,000 kunas or 819 Euros will continue to be taxed at four percent until November.She also proposed a plan to reduce the number of public administration workers by five percent by hiring only one employee for every two that leave, the Croatian daily Jutarnji List reports."We have to change our understanding and habits. Not only federal government is responsible for the growth of the economy. We will ask for participation from local governments and entrepreneurs," Kosor said, adding that the core of the programme was stability, sustainability and social justice."There will be no sacrificing of long-term goals for short-term gains," she added.The Prime Minister outlined the backbone of the programme at today's press conference, saying that the government strategy will focus on decreasing public sector expenditures, targeted social transfers, continuation of privatization, encouragement of the new investment cycle and speeding up the reforms of the judiciary, health and pension systems.

Jadranka_Kosor

Source: Croatian Times Online News

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