The World - News from March 16, 1989
Premier-designate Ante Markovic of Yugoslavia, a reformer and successful businessman, announced a trimmer government to carry the battle against the nation’s worst economic crisis since World War II. His Cabinet will have 19 ministers, compared to 29 in the outgoing administration of Branko Mikulic, and will be a combination of politicians and technocrats. He and his government are to be sworn in today. Parliament approved a 1989 budget totaling the equivalent of $3 billion, a 165% increase reflecting inflation that has reached an annual rate of 346%.
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