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The Government of the Republic of Serbia

In the service of citizens

Government aim to cut costs at all levels

Belgrade, 1 December 2009

Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic today stated that the government’s goal must be to reduce expenses at all levels, including the optimisation of road construction costs.

Author: www.infobiro.rs

At a press conference concerning the presentation of agreements on the allocation of funds for encouraging direct investments to 18 domestic and foreign companies, Dinkic stressed that this was not the case in the past because the funds were not used prudently, but noted that this practice has been changed.

According to him, the example of the construction of 20 kilometres of the Horgos–Novi Sad motorway must be the model for the completion of the whole of Corridor 10 and the construction of the Belgrade to Ljig motorway.

He noted that this model complied with international FIDIC standards, as well as that for the first time there was not a single annex to the contract, no belated payments to contractors and the work was completed in time.

Dinkic said that he is relatively pleased with the 2010 budget because it envisages incentives for economic development and the construction of infrastructure.

The budget development element is also present, he said, adding that savings will be made in public administration and public procurements for the state.

The budget is harmonised with the agreement the government reached with the IMF and the budget deficit has been projected to around RSD 107 billion, that is, a little over 3% of GDP. The consolidated budget deficit is projected at 4% of GDP, he explained.

The IMF’s condition was to adopt the budget two weeks before the IMF Board convenes on December 21, and we have managed to meet that deadline, Dinkic said.

The agreements on the allocation of non-refundable funds for encouraging direct investments, based on the decree on the term and manner of attracting direct investments, will enable the investment of €46 million in 13 Serbian municipalities as well as help to create 2,252 new jobs.