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Croatia starts to write-off debts for poorest citizens

Xinhua, February 3, 2015 Adjust font size:

Croatia started to write off debts for citizens experiencing financial problems, aiming at help them to get through tough time due to economic recession and high unemployment, local media reported on Tuesday.

Debts will be written off only for citizens with their personal bank accounts blocked for at least a year and they are in the welfare program or have no more than 185 U.S. dollars per household member.

The citizens have to register in the state register, which started on Monday, in order for their case to be admissible.

After making a deal with commercial banks, telecommunication companies, communal services, state companies and local and regional authorities, the Croatian government decided to write off some debts for citizens who are not in a position to repay their debts.

Along with debts towards tax administrations, debts for telecommunication services, negative bank balances and for utilities will be forgiven for citizens not being able to repay them.

Additionally, eligible citizens must not own any property besides the one they live in and the capital of their debt should be within a 5,160-dollar limit.

It estimates that around 60,000 people are eligible with total debts amounts to around 14.7 million dollars. Endit