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A:
IMF raises GDP growth forecast for Serbia for 2015
Belgrade,
10 November 2015
Minister of Finance Dusan Vujovic said today that the International Monetary Fund (IMF) raised its GDP growth forecast for Serbia for 2015 from the previous 0.5% to 0.75%.
From left: James Roaf, Dusan Vujovic and Jorgovanka Tabakovic
Vujovic said at a press conference in the press room of the Serbian government that the IMF approved an increase of salaries and pensions for the next year, after the completion of the third revision of arrangement of Serbia with this international financial institution.
Governor of the National Bank of Serbia (NBS) Jorgovanka Tabakovic emphasised that it was agreed that there is fiscal space to increase salaries and pensions, the details of which will be announced shortly.
Head of the IMF Mission James Roaf said that there is room for a modest increase in pensions and targeted increase in public sector wages.
Increasing wages would be partially funded by increasing excise taxes on fuel, he stated noting that it must be the image of success of the government of Serbia in the rationalisation of the public sector.
Roaf expressed hope for a greater increase in 2017, depending on the effectiveness and efficiency of public institutions.
Governor of the National Bank of Serbia (NBS) Jorgovanka Tabakovic emphasised that it was agreed that there is fiscal space to increase salaries and pensions, the details of which will be announced shortly.
Head of the IMF Mission James Roaf said that there is room for a modest increase in pensions and targeted increase in public sector wages.
Increasing wages would be partially funded by increasing excise taxes on fuel, he stated noting that it must be the image of success of the government of Serbia in the rationalisation of the public sector.
Roaf expressed hope for a greater increase in 2017, depending on the effectiveness and efficiency of public institutions.
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