The chapter entitled Macroeconomic Developments, item 1.2.8 Government Finance (pages 94 and 97), shows the consolidated general government deficit amounting to HRK 9.8bn (5.1% of GDP). The deficit is shown on a cash basis, according to Ministry of Finance data.
On the modified accrual basis including total arrears and unrecorded liabilities - according to the Ministry of Finance data - the consolidated general government deficit in 2003 amounted to HRK 12.2bn (6.3% of GDP).
