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The Government of the Republic of Serbia

In the service of citizens

Serbia on right track in implementing reforms

Belgrade, 27 October 2023

Deputy Prime Minister and Minister of Finance Sinisa Mali met today with a delegation of the International Monetary Fund (IMF) staying in Serbia until 31 October, as part of the second review of the stand-by arrangement led by Donal McGettigan.

Mali expressed the expectation that Serbia will have even better economic results next year and emphasised that we are continuing with the construction of infrastructure, highways and railway lines, supporting infrastructure for the organisation of the EXPO exhibition according to all applicable laws, but without room to break deadlines.

According to him, we want to avoid all situations that would prolong any phase of this project implementation, which is of great importance for Serbia.

Speaking about the public debt projections for our country in the coming years, Mali said that the figures are encouraging, and that Serbia is keeping the public debt under control, without stopping the reforms.

We are liquid, I am satisfied with the performance and the way we are managing the public debt, said the Deputy Prime Minister.

McGettigan assessed that it is good that Serbia's budget for the next year has already been adopted and once again praised the "Iskra" system – the central information system for calculating the wages of all employees in the public sector, as well as the decree on the management of capital projects and the improvement of fiscal risk monitoring.

He expressed the expectation that Serbia will vigorously continue the reform of the energy sector.