Croatian State Support Rose to 21.1 Billion Kuna in 2020

Lauren Simmonds

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As Poslovni Dnevnik writes, back on Wednesday, the Government accepted the report on Croatian state support for 2020, which shows that a total of 21.1 billion kuna aid/support was granted in that period, equal to 40 percent more than in 2019, while aid to support the economy during the coronavirus pandemic amounted to 1.64 billion kuna.

State Secretary at the Ministry of Finance, Zdravko Zrinusic, stated at the recent Government session that “the movement of allocated Croatian state support in 2020 is marked by the negative impact of the coronavirus pandemic, which in part affected the structure of granted aid.” He pointed out that the continuous growth of granted aid continued and that it increased by 40 percent when compared to 2019.

The share of subsidies granted in GDP stood st 5.68 percent. Per employee, subsidies in 2020 amounted to 13,666.64 kuna, which is an increase of 3,977.93 kuna or 41.1 percent when compared to the pre-pandemic year of 2019.

Last year, the agriculture and fisheries sector received a massive 7.7 billion kuna in support payments, an increase of 15 percent when compared to the previous year, while aid in the industry and services sector amounted to 13.4 billion kuna or 60 percent more in total.

Croatian state support paid out to support the domestic economy during the coronavirus pandemic throughout 2020 was granted and paid out to various industries and companies for the first time ever, with job preservation measures included, and that all amounted to 1.64 billion kuna, representing a share of 7.8 percent in the total support granted.

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