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| | Croatia Letter of Intent, October 31, 2001 |
 | | In addition, we intend to reduce the government wage bill to the originally targeted level for 2001 as part of the 2002 budget-a task that will be facilitated by the full-year effect of the new wage policy, its pending extension to the defense sector, and early layoffs of surplus labor in the government. |
 | | As shown in the table, the revised budget's cuts of subsidies and transfers are lower, while those for spending on goods and nonwage services and on capital investment are substantially higher than originally planned. |
 | | The revenue from permanent measures was estimated at HrK 1,001 million in the SMEFP, but the fiscal program was based on a more conservative estimate of HrK 917 million. |
| www.imf.org /external/np/loi/2001/hrv/03/index.htm (1555 words) |
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