This paper presents Croatian fiscal policy since independence, a general consolidated government budget in the period of 1995.-2014. and the possibilities and limitations of the Croatian fiscal policy. Also, this paper analyses realization of budget revenues and expenditures in the years 2018 and 2019. We concluded that from the beginning Croatia has been facing the problem of adequate implementation of fiscal policy and the problem of illiquidity, which was further deepened during the creation of Croatian independence due to the need to finance the army, defence, assistance to refugees, etc. The situation has gradually improved with the implementation of fiscal consolidation followed by progress in fiscal governance and transparency. However, the Year 2008 marks the beginning of a global economic crisis that harmed the economic growth of Croatia. That negative impact continued until 2015 when the economy started to recover. Positive macroeconomic impact continued until 2019. Thus, in 2018 and 2019, there was a surplus of the consolidated general government budget of 0.2% of GDP in 2018 and 0.4% of GDP in 2019. However, in 2020, the whole world, including Croatia, is facing the global health crisis sampled by the COVID-19 pandemic. The extent and duration of economic disruptions are yet unknown and data to date indicate only the initial effects of the pandemic on the domestic economy. As a result, the general government deficit is expected to amount to HRK 24.8 billion or 6.8% of GDP.