| dc.description.abstract | The Pre-accession Economic Programme (PEP), with the Fiscal notification is the most significant document prepared by EU candidate countries within the framework of multilateral fiscal surveillance. The objective of the PEP is twofold; on the one hand, to formulate an appropriate economic policy and structural reforms and on the other, to develop institutional and analytical capacities for participation in procedures involving multilateral Economic and Monetary Union surveillance. Therefore, PEP may be seen as a forerunner of the Convergence Program and National Reform Programme, prepared annually by the Member States. The Republic of Croatia submitted its first PEP to the European Commission in 2004, in which it presented the country’s mid-term economic policy program for the period 2005 – 2007. The 2005 PEP is an independent document which in a certain way follows up on the 2004 PEP, in terms of providing an assessment of the condition of the Croatian economy and the country’s efficacy in the implementation of its measures in 2005. It provides a clear definition of the country’s mid-term economic policy and priorities in the framework of structural reforms planned for the 2006-2008 period, which the Republic of Croatia undertakes to implement with a view to achieving more robust economic growth and approximation to the economy of the European Union. The 2005 PEP is the result of co-operation between various line ministries, government offices and institutions, the Croatian National Bank and unions’ and employers’ representatives. |
