Finance Minister: retail trade has doubled, supplies of goods sufficient

ZAGREB, March 14 (Croatia Sun News) – On 13 March 2020, 98% more fiscal receipts were issued in Croatia on the year, retail trade turnover doubled and the trend is continuing, but there are enough goods, Finance Minister Zdravko Maric said.

He told reporters that although there were enough goods, it was necessary to ensure normal distribution. A solution is being considered and is expected to be ready early next week, he added.

Maric said it was good that many items among the most in-demand ones were made in Croatia.

Asked if the government might restrict shopping, he said that in the current circumstances, otherwise inconceivable measures could be considered.

He reiterated that concrete government measures to help the economy were expected next week and that they refer to deferred payments of income and profit tax and contributions. The normal functioning of local government, which will  be affected by lower revenues, will be ensured through amendments to the law on the execution of the state budget, he said.

Something similar will be done about the Croatian Health Insurance Fund given that health contributions are its man revenue, Maric said.

Credit lines for current assets are being considered as well as loan rollovers and moratoriums for those in trouble as well as for those under positive pressure because of the surge in turnover so that they can pay suppliers, he added.

Asked if a budget revision was being considered, Maric said there were no grounds for that at the moment. He added, however, that budget losses were inevitable and that more would be known later this month.

He did not rule out a deferral of payments of loan installments and utilities as a way of helping households. This, he said, is up to local authorities.

He said the central bank was keeping the current weakening of the kuna against the euro under control.

(Source: Hina)

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