natgillin/translations-raw huggingface dataset:
When will the Government bring out a report on the financial operations of companies of special national interest?
Kada će Vlada objaviti izvješće o financijskom poslovanju društava od posebnoga državnog interesa?
ANTO BAJO, PHD, Institute of Public Finance, Zagreb
dr. sc. ANTO BAJO, Institut za javne financije, Zagreb
The Report indicates that Croatia has still not initiated the restructuring and privatisation process of these companies, the financial operations of which pose a threat to the stability of public finance.
Izvještaj potvrđuje da Hrvatska još nije započela proces restrukturiranja i privatizacije tih društava koja svojim financijskim poslovanjem predstavljaju prijetnju stabilnosti državnih financija.
An additional burden on the Budget comes from new loss-makers (e.g. Badel, Imota, etc.) which were moved to the government portfolio in 2010 and 2011, pursuant to Government decisions.
Državu su dodatno opteretila nova društva gubitaši (Badel, Imota, itd.) koja su odlukama Vlade 2010. i 2011. prešla u državni portfelj.
Consequently, there are no reports for 2010 2011, neither has a public debate been held on such a report, which, along with the national budget report, represents one of the key national financial reports.
Stoga za 2010. i 2011. nema izvješća, a izostala je i javna rasprava o, uz državni proračun, jednom od najvažnijih financijskih izvješća države.
Unfortunately, the new Government failed to include a mandatory publication provision in the Decision, so that the reports are still not publicly available.
Na žalost, nova Vlada nije dodala odredbu o potrebi objave, te javno dostupnog izvješća i dalje nema.
The Report is based on responses to a survey on the Anti-corruption Programme implementation, encompassing 183 questions, of which 133 relate to the enforcement of anti-corruption measures (to be answered with yes or no) and 50 questions relate to quantitative and other data.
Izvještaj se temelji na odgovorima na upitnik o provedbi Antikorupcijskog programa, a čine ga 183 pitanja od kojih je 133 vezano uz izvršenje mjera (odgovor da/ne), a 50 je s kvantitativnim i ostalim informativnim podacima.
The idea was to examine the transparency of operations of 86 state-owned companies.
Namjera je utvrditi transparentnost poslovanja 86 državnih trgovačkih društava.
Regrettably, as many as four companies failed to actively participate in the survey (Badel 1862, Zagreb, Imota, Imotski, IPK Osijek, Osijek and Vinka, Vinkovci).
Nažalost četiri društva nisu aktivno sudjelovala u istraživanju (Badel 1862, Zagreb, Imota, Imotski, IPK Osijek, Osijek i Vinka- Vinkovci).
In terms of quantitative data, the Report is deficient, because it does not help establish the financial positions of the companies.
U odnosu na kvalitativni, kvantitativni financijski dio Izvještaja slab je i ne pomaže u rasvjetljavaju financijske pozicije društava.
It is obvious that the Ministry of Justice and the Ministry of Finance' Economy Directorate failed to make a detailed verification of the data received from public enterprises, by comparing the information from their annual statements and survey responses/data.
Očito je izostala detaljna provjera dostavljenih podataka javnih društava koju su Ministarstvo pravosuđa i Uprava za gospodarstvo Ministarstva financija mogli obaviti usporedbom informacija iz godišnjih izvješća i podataka/odgovora društava na poslani upitnik.
This points to doubtful authenticity of the information, intended to enable the public to assess and understand the financial operations of the companies.
Dakle, upitna je vjerodostojnost informacija koje su trebale javnosti pružiti mogućnost ocjene i razumijevanja financijskog poslovanja društava.
This relates in particular to the information on the amounts of revenues and expenditures and of assets and liabilities, as there are no methodological explanations of the scope and structure of data.
To se posebice odnosi na informacije o veličini prihoda i rashoda, imovine i obveza za koje ne postoji metodološko obrazloženje obuhvata podataka i njihove strukture.
This deficiency is most obvious in the case of shipyards.
Taj nedostatak najočitiji je na primjeru brodogradilišta.
The report is based on an analysis of 82 (of 86) companies covered by the survey.
Izvješće se temelji na analizi 82 (od 86) trgovačka društava koja su odgovorila na upitnike.
They employ 87,514 persons.
Ta društva zapošljavaju 87.514 djelatnika.
As many as 39 companies have 118 subsidiaries, most of them registered in the country and some in the former Yugoslav republics.
Čak 39 društava imaju 118 društava kćeri registriranih uglavnom u zemlji, a dio njih i u zemljama s prostora bivše Jugoslavije.
The bulk of these entities are limited liability companies, and the rest are joint stock companies, mostly engaged in tourism.
Uglavnom je riječ o društvima s ograničenom odgovornošću, a dio su dionička društva, najaviše iz sektora turizma.
The scanty data from the Report reveal an incredible fact, namely that part of these companies realised larger profit in 2011 than in (the catastrophic) year 2009 and in (weak) 2010.
Šturi podaci iz Izvještaja otkivaju nevjerojatan podatak da je dio poduzeća u 2011. ostvario veću dobit u odnosu na očajnu 2009. i slabu 2010.
Let it be recalled that in 2009, state-owned companies made monetary losses amounting to HRK 3.5 bn.
Podsjetimo u 2009. trgovačka društva u vlasništvu države ostvarila su 3,5 mlrd. kuna novčanih gubitaka.
MAJ (HRK 2.45 bn) and Brodosplit (HRK 1.6 bn).
Maj s 2,45 mlrd. kuna te Brodosplit s 1,6 mlrd. kuna dobiti.
This leads to a conclusion that shipyards have been the main economic growth generators in Croatia and that their restructuring processes have finally been completed.
Moglo bi se zaključiti da su brodogradilišta glavni motori gospodarskog razvoja Hrvatske i da su konačno završili proces restrukturiranja.
Consequently, the accrued accounting profit of the company (HRK 1.72 bn) actually represents a loss of HRK 777, recorded on a cash basis.
Dakle, obračunata računovodstvena dobit društva 1,72 mlrd. je zapravo gubitak od 777, mil. kuna iskazan po gotovinskom načelu.
Hence, it is obvious that, unless an efficient restructuring programme is undertaken, the continuation of the company' operation is questionable.
Ukoliko se ne osigura učinkoviti program restrukturiranja, očito je upitan nastavak poslovanja društva.
A similar situation took place in the 3.
Slično je stanje i s brodogradilištem 3.
Also included in the group were Vjesnik, the companies constituting the Croatian Railways Holding, etc.
Tu su i Vjesnik te poduzeća iz sustava Holdinga Hrvatskih željeznica, itd.
The liabilities of the hotel companies Vranjica Belvedere, d.d. and Brijuni rivijera, d.o.o. exceeded their assets.
Kod Hotelskih poduzeća Vranjica Belvedere i Brijuni Rivijera obveze su veće od aktive.
However, the Report should be taken with caution, given serious methodological limitations of the data on profit and loss, as well as total liabilities.
Izvještaj treba uzeti s velikom rezervom zbog značajnih metodoloških ograničenja podataka o dobiti i gubicima kao i ukupnim obvezama.
Huge losses and accumulated liabilities show that the transformation of majority state-owned companies is far from complete, while the transformation process of the tourism and shipbuilding sectors hasn't even started yet.
Veliki gubici i akumulirane obveze pokazuju da proces transformacije društava u većinskom vlasništvu države nije na vidiku, a žalosti činjenica da taj proces nije niti krenuo u društvima iz sektora turizma i brodogradnje.
Management and supervisory boards and financial management
Uprave, nadzorni odbori i financijsko upravljanje
In 82 surveyed companies, 139 members of the management boards and 409 members of the supervisory boards have been appointed.
U 82 trgovačka društva imenovano je 139 članova uprave i 409 članova nadzornog odbora.
Most companies have 5 supervisory board members and one member of the management board.
Pretežit broj društava ima 5 članova nadzornog odbora i jednog člana uprave.
Average remuneration paid to a supervisory board member amounts to about HRK 2000.
Naknade članova nadzornih odbora u prosjeku su oko 2.000 kuna.
Supervisory board members who are government officials are not entitled to remuneration.
Članovi nadzornog odbora koji su dužnosnici u tijelima vlade nemaju pravo na naknade.
The remuneration paid to a supervisory board member does not correlate with the company's financial position.
Visine naknade članova nadzornog odbora nisu korelirane s financijskom pozicijom društva.
Even if a company is in serious financial difficulties, its supervisory board members receive the same remuneration on average as those in well-performing companies.
Iako su pojedina poduzeća u velikim financijskim problemima članovi nadzornog odbora dobivaju u prosjeku isti iznos naknada kao i u društvima s povoljnom financijskom pozicijom.
Quality data show that, despite improvements in transparency, serious problems still persist in the financial management, strategic planning, expenditure transparency and public procurement systems.
Unatoč poboljšanju transparentnosti kvalitativni podaci pokazuju da postoji značajan problem u sustavu financijskog upravljanja, strateškog planiranja, transparentnosti rashoda i javne nabave.
These deficiencies are further corroborated by the companies' financial performance data.
Te nedostatke dodatno potvrđuju kvantitativni podaci o financijskom poslovanju društava.
Once Croatia becomes an EU member state, its former 'business champions' will not be able to compete successfully in the EU market.
Hrvatska kao nova članica, u Europskoj uniji nema šanse sa šampionima iz davne prošlosti.
This should be understood by all members of the Government, those who prepare reports, as well as those responsible for acting upon some of the report findings.
Tu činjenicu trebaju shvatiti svi članovi Vlade, oni koji sastavljaju izvještaje i koji trebaju neke od nalaza provesti u djelo.
They should be hired through public competition, held even abroad, if necessary.
Takve pojedince treba birati javnim natječajem, ako treba i u inozemstvu.
The publication of the fourth consolidated Report on the Implementation of the Anti-corruption Programme for Majority State-owned Companies is more than welcome.
Objavu četvrtog objedinjenog Izvještaja o provedbi Antikorupcijskog programa za trgovačka društva u većinskom vlasništvu države svakako treba pozdraviti.
With all due respect for exceptions, most companies pose a threat to the financial position of the state, and it is realistic to expect that they will put additional pressure on the government in terms of demand for subsidies and debt write-offs, as well as new government guarantees.
Čast izuzecima, ali većina društava prijetnja je financijskoj poziciji države i realno je očekivati da će u narednim godinama stvarati dodatnu presiju i potražnju za državnima subvencijama, oporostima dugova, te tražiti dodatna državna jamstava.
So far, government guarantees have covered the entire liabilities of business entities, and the continuation of such practices would lead to further growth of public debt.
Državna jamstava do sada su pokrivala cijeli iznos obveza društava, a nastavak takve prakse i dalje prijeti rastom javnog duga.
The Revision of the Croatian State Budget for 2012 : Why are the expenditures of the State Budget rising?
Rebalans državnog proračuna za 2012. godinu: zašto rastu rashodi državnog proračuna?
MIHAELA BRONIĆ, PHD, Institute of Public Finance, Zagreb
dr. sc. MIHAELA BRONIĆ, Institut za javne financije, Zagreb
The budget deficit now comes to about 10 billion kuna, which is 94 million kuna more than was planned earlier (Table 1).
Deficit državnog proračuna sada iznosi oko 10 milijardi kuna (94 milijuna kuna više nego je prethodno planirano) (tablica 1).
Since revenues and expenditures rose by similar amounts, the revision did not have any very significant impact on the state budget deficit.
Budući su se i državni prihodi i rashodi povećali za slične iznose, rebalans nije značajnije utjecao na visinu deficita državnog proračuna.
Enlargement or reduction by the revision
Povećanje/smanjenje uzrokovano rebalansom
Revenue and expenditure account
Račun prihoda i rashoda
In what follows below the objective is briefly to analyse the budgetary expenditures that were most increased in the revision.
U nastavku teksta cilj je ukratko analizirati rashode državnog proračuna koji su rebalansom najviše povećani.
Table 2 gives a breakdown of expenditures that increased by more than 50 million kuna; in total they amount to almost 2.5 billion kuna.
U tablici 2 prikazani su po stavkama rashodi koji su povećani za više od 50 milijuna kuna, a ukupno iznose gotovo 2,5 milijardi kuna.
Expenditures really will be more than 1.5 billion in excess of those planned earlier, but in the revision there is also a change in the structure of the expenditures previously planned.
Rashodi će zaista biti veći za 1,5 milijardu kuna od prethodno planiranih, ali rebalansom dolazi i do promjene u strukturi prethodno planiranih rashoda.
Certain items of the previously planned expenditures have been decreased (most of all material costs, expenditures related to nonfinancial assets [i.e. investment projects] and grants), and instead of them, some other expenditures have been financed.
Naime određene se stavke prethodno planiranih rashoda i smanjuju (najviše materijalni troškovi, rashodi vezani uz nefinancijsku imovinu (kapitalni projekti) i pomoći), a umjesto njih se financiraju neki drugi rashodi.
* According to an economic classification of the budget, this expenditure is booked under payments to individuals and households.
* Po ekonomskoj klasifikaciji proračuna knjiži se pod naknade građanima i kućanstvima.
The major proportion in the considerably increased expenditures analysed in Table 2 is taken by wages and reimbursement of employee costs (54%) (in the Ministry of Science, Education and Sport, the Ministry of Health, the Interior Ministry and the Ministry of Defence), expenditures on interest payments (15%) (for bonds issued on the American market) and subsidies from the Ministry of the Economy and the Ministry of Agriculture (20%) (most of it going to the shipyard in Split).
Najveći udio u značajnije povećanim rashodima iz tablice 2 imaju plaće i naknade troškova zaposlenima (54%) (u Ministarstvu znanosti, obrazovanja i sporta, Ministarstvu zdravstva, Ministarstvu unutarnjih poslova i Ministarstvu obrane), rashodi za kamate (15%) (za obveznice izdane na američkom tržištu), te subvencije Ministarstva gospodarstva i Ministarstva poljoprivrede (20%) (najvećim dijelom su to subvencije za brodogradilište Split).
Proportion of total increase (in %)
Povećanje u milijunima kuna
Ministry of Health - Cro.
Udio u ukupnom povećanju (%)
Inst. Health Insurance
Ministarstvo zdravlja - HZZO
Ministry of Finance
bolnička zdravstvena zaštita*
interest on bonds issued abroad Ministry of the Economy subsidies - restructuring of the ship industry
Ministarstvo financija kamate za izdane obveznice u inozemstvu Ministarstvo gospodarstva
Ministry of Science, Education and Sport
bruto plaće i doprinosi za administraciju i upravljanje
elementary education - gross wages and contributions
Ministarstvo znanosti, obrazovanja i sporta
secondary education - gross wages and contributions
subvencije - poticanje poljoprivredne proizvodnje i intervencije na tržištu
elementary education - reimbursement of employee costs
osnovno školstvo - naknade troškova zaposlenima
tertiary education - U. of Zagreb - gross wages and contributions
visoko obrazovanje - sveučilište u zg - bruto plaće i doprinosi
gross wages and contributions for administration and governance of the system of the state borders
bruto plaće i doprinosi za administriranje i upravljanje sustavom državne granice
Table 2 and Graph 1 depict fairly well the most important problems of the expenditure side of the state budget, the reform of which has been deferred for years (reform of wages in public services, reform of the healthcare and pensions systems, privatisation of the shipyards and reform of local and regional self-government).
Tablica 2 i Grafikon 1 daju i dosta dobar prikaz značajnih problema rashodne strane državnog proračuna čije se rješavanje godinama odgađa (reforma plaća u javnim službama, reforma zdravstvenog i mirovinskog sustava, privatizacija brodogradilišta te reforma lokalne i regionalne samouprave).
It would be good if the Government implemented such reforms as soon as possible, for this would enable a long-term reduction of the deficit, of the public debt and the debt servicing that are all burdens on the state budget.
Bilo bi dobro da Vlada što prije provede te reforme jer bi se njihovim uspješnim provođenjem omogućilo dugoročno smanjenje deficita, javnog duga i kamata koji sve više opterećuju državni proračun.
Ivica Urban, Institute of Public Finance
Ivica Urban, Institut za javne financije
In the process of harmonising the Croatian VAT system with Directive 2006/112/EC, which is today the fundamental document for the harmonisation of VAT systems in the EU, Croatia will have to re-examine the threshold for VAT registration.
U procesu usklađivanju sustava PDV-a sa Direktivom 2006/112/EC koja je danas temeljni dokument harmonizacije sustava PDV-a u EU Hrvatska će trebati preispitati visinu praga za ulazak u sustav PDV-a.
The current threshold of 85,000 kuna, or 11,675 euros, is higher than that prescribed in the Directive.
Sadašnji prag u iznosu od 85.000 kn, odnosno oko 11.675 EUR-a viši je od onoga koji je propisan Direktivom.
Although in principle a threshold of 5,000 euros is set, the Directive has made it possible, under certain conditions, to set a higher threshold, which is visible in all the member countries.
Naime, iako je načelno određena visina praga od 5.000 EUR-a Direktiva je omogućila pod određenim uvjetima utvrđivanje i višeg praga što je vidljivo u svim zemljama članicama.
Determination of an appropriate threshold requires an analysis of the costs and benefits that derive from possible modifications.
Određivanja odgovarajuće visine praga zahtijeva analizu troškova i koristi koji proizlaze iz mogućih promjena.
The threshold in Croatia is, compared with other countries, quite low, and an increase should be proposed, since an excessively low threshold increases compliance and administration costs, without the fiscal effects being significant.
Visina praga je u Hrvatskoj u usporedbi s drugim zemljama relativno niska te bi se predložilo povećanje s obzirom da prenizak prag povećava troškove ubiranja poreza i za poreznu upravu i za porezne obveznike, a fiskalni učinci nisu znatni.
The fundamental objective of this work is to determine the effects of an increase of the threshold for VAT registration on:
Temeljni je cilj ovog rada je utvrđivanje učinaka povećanja praga za ulazak u sustav na:
revenue from VAT in the central government budget;
prihode od PDV-a u državnom proračunu;
the operations of the Tax Administration and compliance costs,
obavljanje poslova Porezne uprave i troškove ispunjavanje porezne obveze obveznika PDV-a te
The Government has submitted for urgent parliamentary procedure the fifteenth Proposal for an Act on Amendments to the Act on the Financing of Units of Local and Regional Selfgovernment with the final Act Proposal.
Vlada je u saborsku proceduru po hitnom postupku uputila petnaesti Prijedlog zakona o izmjeni Zakona o financiranju jedinica lokalne i područne (regionalne) samouprave s Konačnim prijedlogom zakona.
Since then, the decentralization policy has changed constantly.
Od tada se politika decentralizacije neprestano mijenja.
The new Act proposal envisages further changes in the distribution of personal income tax revenues, but only in respect of the local government units in the hill and mountain areas classified into groups III and IV according to the economic development index.
Novi prijedlog Zakona predviđa ponovne promjene raspodjele prihoda od poreza na dohodak, i to samo za lokalne jedinice na brdskoplaninskim područjima razvrstane u III i IV skupinu prema indeksu razvijenosti.
These changes might adversely affect the fiscal positions of the counties in whose territories such units are located and disturb fiscal interrelationships between various levels of government.
Donošenje ovih promjena moglo bi negativno utjecati na fiskalni položaj županija na čijem području se one nalaze i narušiti fiskalne odnose između različitih razina vlasti.
Criteria for a preferential position in the financing scheme.
Kriteriji za preferencijalni položaj u sustavu financiranja.
Until recently, the policy of supporting economically less developed local government units was mainly based on geographical criteria.
Politika pomoći ekonomski slabijim lokalnim jedinicama donedavno se temeljila na kriterijima koji su uglavnom bili zemljopisnog karaktera.
A privileged financing status was enjoyed by local units in the areas of special national concern (ASNCs) and hill and mountain areas (HMAs).
Povlašten status u sustavu financiranja koristile su lokalne jedinice na područjima od posebne državne skrbi (PPDS) i brdsko-planinskim područjima (BPP).
The classification of the units into these groups occurred without the assessment of their economic capacity (except in the case of the units located in Group III ASNCs), or a comparison with other units on the basis of economic criteria.
Jedinice su razvrstavane u te skupine bez procjene njihovog ekonomskog kapaciteta (osim za PPDS III skupine) i usporedbe s ostalim jedinicama prema ekonomski utemeljenim kriterijima.
As a result, the preferential status has also been given to local units far better-off than average.
Zbog toga su preferencijalni tretman imale i lokalne jedinice koje su daleko bogatije od prosjeka.
It was only after introducing the Regional Development Act (OG 147/14) and Amendments to the Act on the Financing of Units of Local and Regional Self-government (OG 158/13), as well as adopting the Decision of the Government of the RC on the Classification of Units of Local and Regional Self-government According to Level of Development (OG 158/13) that an administrative framework for more equitable and efficient redistribution was created.
Konačno je donošenjem Zakona o regionalnom razvoju (NN 147/14) i izmjenama i dopunama Zakona o financiranju jedinica lokalne i područne (regionalne) samouprave (NN 158/13) te Odlukom Vlade RH o razvrstavanju jedinica lokalne i područne (regionalne) samouprave prema stupnju razvijenosti (NN 158/13) stvoren administrativni okvir za provedbu pravednije i učinkovitije preraspodjele.
The shares for decentralized functions and grants for projects co-financed from EU structural and investment funds would remain unchanged.
Udjeli za decentralizirane funkcije i pomoći za projekte sufinancirane sredstvima europskih strukturnih i investicijskih fondova ostali bi nepromijenjeni.
Capital projects Total
Pomoć za EU projekte
Source: A Proposal for an Act on Amendments to the Act on the Financing of Units of Local and Regional Self-government.
Izvor: Prijedlog zakona o izmjeni Zakona o financiranju jedinica lokalne i područne (regionalne) samouprave.
Local units are usually given capital grants for the financing of capital projects (with or without their participation), taking into account their respective economic potential and financial capacity.
Za financiranje kapitalnih projekata lokalnim jedinicama se obično doznačavaju kapitalne dotacije (sa ili bez vlastitog udjela) uzimajući u obzir njihove ekonomske mogućnosti i financijske kapacitete.
The „almighty“ personal income tax.
Svemogući porez na dohodak.
It is unfortunate that this Government, like others before it, perceives personal income tax as an „almighty tax“, using it as a means of solving all fiscal problems that haunt local government units and achieving any possible fiscal policy goal (fiscal redistribution, allocation or stabilization).
Na žalost, i ova Vlada porez na dohodak doživljava kao „svemogući porez“ kojim nastoji riješiti sve fiskalne probleme lokalnih jedinica i ostvariti sve moguće ciljeve fiskalne politike (redistribuciju, alokaciju i stabilizaciju).