We are doing our best to resolve the problem of illiquidity in the first six months from the passage of the new law on financial operations, namely by the end of the first quarter next year, Finance Minister Slavko Linic said on Wednesday, citing the latest figures from the Financial Agency (Fina) that showed that outstanding payments had reached 44.5 billion kuna by the end of May.
Speaking at a panel discussion on the law on financial operations and tax legislation, Linic announced that the government would formally introduce the Financial Operations Bill on Thursday, hoping that Parliament would discuss it in first reading before the summer recess.
That will give us enough time for any objections and suggestions and to prepare for second reading. We want the bill to be passed and become effective as of October 1, Linic said.
Linic said that the General Tax Bill, which provides for the publication of the names of tax debtors, was expected to be passed later this week.
Tax experts Hrvoje Zgombic, Vlador Brkanic and Pasko Anic described the two bills as well-intended, but said they did not believe they would produce quick and effective results as expected by the government.
