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The Government of the Republic of Serbia

In the service of citizens

Maximum efforts to further raise standard of living of citizens

Belgrade, 7 August 2024

Prime Minister Miloš Vučević presided today over the session of the Council for the Coordination of Activities and Measures for the Growth of the Gross Domestic Product (GDP), where the results achieved during the second quarter of this year were analysed in all areas important for stability of the domestic economy and sustainable economic growth.

At the session, it was announced that GDP growth was recorded compared to the same period last year and that the results achieved in the fields of industry and construction contributed the most to this.

The inflation rate is within the planned limits, and in the coming period, the growth of salaries, pensions and minimum wages is also expected, it was said at the meeting.

Speaking about the retail prices of basic and other foodstuffs, Prime Minister Vučević told the ministers that it is necessary to "step into the shoes of the ordinary man" and make maximum efforts to further raise the standard of living of citizens.

The ministers informed the Prime Minister about the progress of the implementation of projects from different departments, as well as about the challenges they are facing, and one of them was the long-term drought, which will affect the slightly lower yield of corn and soybeans.

In order to preserve sustainable economic growth, it was pointed out at the meeting, it is necessary to continue with further investments in capital projects in the areas of construction, road and railway infrastructure and realization and execution of the budget in all areas.