BELGRADE ugg classic short, Dec. 15 (Xinhua) -- The Croatian parliament on Monday adopted the 2009 state budget ugg classic short, envisaging the budget deficit to be reduced to less than one percent of gross domestic product (GDP). After a five-hour discussion ugg tall, the shortest on the state budget so far in Croatia, 80 MPs of the ruling coalition voted in favor of the draft budget ugg classic, while 52 opposition MPs voted against ugg classic boots, the Croatian news agency HINA reported. The Croatian government's amendments, which the parliamentary majority adopted, reduced the budget deficit by 2.3 billion kuna (some 426 million U.S. dollars) and the deficit will be 0.88 percent of GDP, instead of the initially planned 1.6 percent. Budget expenditures amount to about 127 billion kuna (23.52 billion dollars) and are a little over four percent higher than those in this year's budget, while revenues of 124.6 billion kuna (23.08 billion dollars) are 5.3 percent higher than this year. The Croatian parliament also adopted a law on the execution of the budget stipulating that the state can borrow 14.7 billion kuna(2.72 billion dollars) at home and abroad to cover the deficit and refinance existing liabilities. Last week the World Bank urged Croatia to reduce the budget deficit in 2009 as much as possible given its high foreign debt and the large refinancing needs of public and private sectors. Croatia runs severe external imbalances with foreign debt amounting to 90 percent of GDP ugg kensington boots, or some 36 billion euros (48.6 billion dollars) at the end of September. The Balkan country's maturing foreign debt in 2009 exceeds 8 billion euros (10.8 billion dollars).Related articles：

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