Q:
A:
Government examines budget cuts for next year
Belgrade,
12 December 2014
Members of the government stated at a government session held today, which was also attended by President of Serbia Tomislav Nikolic, that next year’s budget envisages considerable savings and cutting of expenditures.
Author:
Fonet
Nikolic said that he supports the reforms implemented by the government and pointed to the importance of the agreement on the arrangement with the International Monetary Fund (IMF).
He noted that saving, rational spending of budget funds and increasing production leads Serbia towards economic stability.
The government is implementing austerity measures in extremely difficult conditions, but the citizens of Serbia support them because that is a precondition for economic recovery of the country, Nikolic stated.
The government adopted at its session today the Insurance Bill, Bill on Payment Services and the Bill on amendments to the Law on the Protection of Users of Financial Services.
The Bill on amendments to the Law on Foreign Exchange Transactions and the Bill on amendments to the Law on the Prevention of Money Laundering and Terrorist Financing were also adopted.
These bills have been forwarded to the Serbian parliament for discussion under emergency procedure.
He noted that saving, rational spending of budget funds and increasing production leads Serbia towards economic stability.
The government is implementing austerity measures in extremely difficult conditions, but the citizens of Serbia support them because that is a precondition for economic recovery of the country, Nikolic stated.
The government adopted at its session today the Insurance Bill, Bill on Payment Services and the Bill on amendments to the Law on the Protection of Users of Financial Services.
The Bill on amendments to the Law on Foreign Exchange Transactions and the Bill on amendments to the Law on the Prevention of Money Laundering and Terrorist Financing were also adopted.
These bills have been forwarded to the Serbian parliament for discussion under emergency procedure.
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