Recommendation by the European Commission for Croatia to exit the Excessive Deficit Procedure
On 22 May 2017 the European Commission recommended that Croatia (as well as Portugal) should exit the Excessive Deficit Procedure. The European Commission issued for Croatia five recommendations which are almost identical to those issued in 2016. The recommendations refer to public finance and taxation; pensions, the labour market and social welfare; salaries; public administration and state companies; and the services sector and the judiciary. The EC recommendations are the answer to responsible fiscal policy, wise budget management, GDP growth, reduced public debt and very good results in reducing the budget deficit to 0.8% of GDP. It is expected that the Government will pursue to continue with structural and other reforms.