1st meeting of new cabinet focuses on budget

The first working meeting of the new government led by Prime Minister Tihomir Oreskovic was held on Saturday morning after the new government was approved by the parliament on late Friday night.

The meeting revolved around the elaboration of a state budget and around the process of taking over ministerial departments by new ministers, according to participants in the meeting.

Before the meeting, the new government's members reiterated their commitment to work.

The new Prime Minister Oreskovic took over the office from his predecessor Zoran Milanovic on late Friday night after the parliament approved the Oreskovic cabinet by 83 votes to 61, with five abstentions.

While presenting his programme in parliament on Friday morning, Oreskovic said that the main goal of his government would be to improve the economic and social situation in Croatia and increase living standards.

Quoting a statement by US General George Patton, "Accept the challenges so that you can feel the exhilaration of victory," Oreskovic said that his government would work on transforming the country in three key areas -- economic growth, competitiveness and the quality of life.

He also mentioned the goal of ensuring GDP growth by more than 3 per cent, reducing public debt to less than 80 per cent of GDP by 2020, reducing the budget deficit to less than 3 per cent of GDP by 2017, increasing exports by 30 per cent, reducing unemployment to below 14 per cent, and increasing per-capita GDP by 2,000 euros.

Last update: Sat, 23/01/2016 - 14:23

More from Croatia

Ericsson Nikola Tesla sees sales revenues jump 17%

Telecommunications equipment manufacturer Ericsson Nikola Tesla generated sales revenues of HRK 1.3 billion in the...

Petrokemija posts loss of HRK 29.7 mn

Fertiliser manufacturer Petrokemija on Friday reported an operating loss of HRK 29.7 million in the first nine...

Atlantic Grupa reports drop in sales revenues, increase in net profit

Atlantic Grupa earned HRK 3.78 billion in sales revenues in the first nine months of 2016, which was 4.9% less than...

Croatian PM: Time is ripe for Dayton upgrade

Croatian Prime Minister Andrej Plenkovic says that the time is ripe to upgrade the Dayton peace agreement in Bosnia...

Daylight saving time ends Sunday

Daylight saving time ends early Sunday morning when clocks will be set one hour backward, from 3am to 2am.