Q:
A:
Government, IMF reach agreement
Belgrade,
13 November 2008
Representatives of the Serbian government and the International Monetary Fund (IMF) reached late this afternoon an agreement on the economic programme within the 15-month stand-by arrangement, which should support the government’s economic policy, aimed at maintaining macroeconomic and financial stability.
The officials agreed that the deficit in the 2009 budget stands at 1.5% of GDP.
Earlier today, Prime Minister Mirko Cvetkovic and cabinet ministers had consultations on the main areas where savings can be made in the 2009 budget.
It was agreed to keep the expenditures for salaries, pensions and subsidies balanced, so that macroeconomic stability is maintained.
Bearing in mind the global financial crisis and its possible effects on the Serbian economy, the government members agreed that all budget users should be responsible and that savings must be on all levels.
Earlier today, Prime Minister Mirko Cvetkovic and cabinet ministers had consultations on the main areas where savings can be made in the 2009 budget.
It was agreed to keep the expenditures for salaries, pensions and subsidies balanced, so that macroeconomic stability is maintained.
Bearing in mind the global financial crisis and its possible effects on the Serbian economy, the government members agreed that all budget users should be responsible and that savings must be on all levels.
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