Achievements and unfinished agenda of the fiscal equalization system in Croatia

* This paper partially builds on the results of the project “Fiscal decentralization in Croatia” (World Bank, 2021) and more specifically on the main results related to issues of fiscal equalization. However, issues like the existing ine - qualities in fiscal expenditure needs have been newly added. The authors would like to thank the two anonymous reviewers for their very useful comments and suggestions. The findings, interpretations, and conclusions expressed in this article are entirely those of the author(s). They do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. Opinions and views in this article do not represent the official position of the Ministry of Finance of the Republic of Croatia, Inter-American Development Bank, European Bank for Reconstruction and Develop - ment, European Investment Bank