Q:
A:
Fifth business round table with Serbian government opens
Belgrade,
16 October 2006
Serbian Minister of Finance Mladjan Dinkic opened today in Belgrade the "Fifth Round Table with the Government of Serbia" that gathers government officials and foreign investors.
Author:
Tanjug
Dinkic said he is optimistic on Serbia’s candidature for EU membership in 2007 and expressed belief that the country will soon get Union support to continue talks on joining the World Trade Organisation (WTO).
Speaking on fiscal and monetary measures, Dinkic said that inflation this year will remain within projections and that Serbia will generate a budget surplus that will be used to service part of its foreign debt.
According to Dinkic, this year’s budget surplus will be used to solve Serbia’s remaining commitments to the Paris Club of creditors and the International Monetary Fund (IMF), whose mission will be on a visit to Belgrade in January 2007.
Serbia’s main priority will be to cut the country’s debts and boost investment in infrastructure, said the Minister and pointed out that inflation will remain far below 9% this year.
He stressed that low corporate profit tax will help solve one of the remaining problems in the Serbian economy as other economic problems are mostly solved.
The country will work on “budget revision” in years to come, Dinkic said and expressed satisfaction with achieved economic reforms since 2003.
GDP growth of 7%-8% is expected by the end of the year, or more than $4,000 per capita, said Dinkic.
Exports, which are on the rise thanks to arrival of large multinational companies, will be among government priorities as well, he said.
Large investments in production of electricity are ahead of Serbia, he said and expressed hope that Serbia will become one of big exporters of electric power as it will have a better position in that sector than surrounding countries.
Speaking on fiscal and monetary measures, Dinkic said that inflation this year will remain within projections and that Serbia will generate a budget surplus that will be used to service part of its foreign debt.
According to Dinkic, this year’s budget surplus will be used to solve Serbia’s remaining commitments to the Paris Club of creditors and the International Monetary Fund (IMF), whose mission will be on a visit to Belgrade in January 2007.
Serbia’s main priority will be to cut the country’s debts and boost investment in infrastructure, said the Minister and pointed out that inflation will remain far below 9% this year.
He stressed that low corporate profit tax will help solve one of the remaining problems in the Serbian economy as other economic problems are mostly solved.
The country will work on “budget revision” in years to come, Dinkic said and expressed satisfaction with achieved economic reforms since 2003.
GDP growth of 7%-8% is expected by the end of the year, or more than $4,000 per capita, said Dinkic.
Exports, which are on the rise thanks to arrival of large multinational companies, will be among government priorities as well, he said.
Large investments in production of electricity are ahead of Serbia, he said and expressed hope that Serbia will become one of big exporters of electric power as it will have a better position in that sector than surrounding countries.
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