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A:
Positive fiscal forecast for next period
Belgrade,
24 October 2017
Minister of Finance Dusan Vujovic said today that the surplus in the budget, compared to the planned, amounted to RSD 66 billion at the end of September, and on 20 October it stood at RSD 86 billion.
Addressing the 17th Serbian Economic Summit, Vujovic emphasised that there is now a debate on how to use this surplus, and one of the ways is to increase pensions and salaries in the public sector, which can be achieved without endangering fiscal consolidation.
He noted that the country's fiscal forecast for the next period is positive, as reforms have achieved more than expected, but also pointed out that there is still more work to be done to ensure better economic growth in the coming years.
According to Vujovic, the Tax Administration reform must continue in particular, and it is necessary to modernise it, in order to contribute to the fight against the gray economy.
The Minister emphasised that now it is necessary to move to other elements of the reforms, so that they lead to sustainable economic development and make better use of the investments.
Vujovic explained that it was much easier to announce major projects than to provide conditions for their implementation, and warned that in the area of investment, we must plan four to five years in advance.
He noted that the country's fiscal forecast for the next period is positive, as reforms have achieved more than expected, but also pointed out that there is still more work to be done to ensure better economic growth in the coming years.
According to Vujovic, the Tax Administration reform must continue in particular, and it is necessary to modernise it, in order to contribute to the fight against the gray economy.
The Minister emphasised that now it is necessary to move to other elements of the reforms, so that they lead to sustainable economic development and make better use of the investments.
Vujovic explained that it was much easier to announce major projects than to provide conditions for their implementation, and warned that in the area of investment, we must plan four to five years in advance.
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