Author:
Tanjug
At a panel discussion called “New start in Brussels – Serbia on the path to the EU“, organised by the Serbia–Germany Forum and the German Council on Foreign Relations (DGAP), she said that the government is aware that there is no time for postponing reforms.
Serbia needs fiscal consolidation to stop further accumulation of debts, she said noting that this will not be an easy nor a short-lasting task.
We will need three to five years, she said adding that Serbia expects a new arrangement with the IMF in autumn.
The measures to be taken include putting salaries in the public sector under control, Udovicki said.
She announced a functional analysis that will help rationalise the structure and the number of employees in the whole public administration in Serbia.
Minister of Economy Dusan Vujovic pointed out that there are 161 companies in the process of restructuring, while a total of 584 are to undergo privatisation.
Vujovic explained that instead of being the backbone of the development and provision of key services in many areas, Serbia’s public sector is making losses and offers very poor service.
He said that it is time for Serbia to introduce order in its macro economy, adopt the necessary laws and offer conditions to potential investors.
Vujovic also called on German investors to come to Serbia and invest.