Q:
A:
State meets all its obligations regularly
Belgrade,
24 June 2012
The Ministry of Finance stated that there are no grounds whatsoever to claim that Serbia might fall into bankruptcy or a public debt crisis and that the government regularly meets all its obligations and will continue to do so in the near future.
The statement issued by the ministry specifies that this applies to salaries, pensions, social benefits, transfers to other levels of government, as well as to other liabilities, including the recent pay of an instalment of old foreign currency savings worth over €200 million.
The Ministry stated that the economic situation in the country is serious and influenced by the economic crisis in Europe, which is why the GDP growth for this year has been modified from 1.5% to 0.5%.
However, there is no basis whatsoever to claim that Serbia might fall into bankruptcy or a public debt crisis, since it is known that Serbia belongs to lightly indebted countries of Europe, whose credit rating has been increased and confirmed during the crisis, the statement says.
In addition it is necessary that the new government continue with a responsible economic policy, implement the consolidation of the budget deficit and continue cooperation with IMF since only in this way can Serbia respond to economic challenges of the period ahead of us and create conditions for increasing the standard of living.
It is therefore important that the new government be formed as soon as possible, given that the existing technical government is not able to make decisions and implement programmes relevant to the country’s economic recovery, the statement concludes.
The Ministry stated that the economic situation in the country is serious and influenced by the economic crisis in Europe, which is why the GDP growth for this year has been modified from 1.5% to 0.5%.
However, there is no basis whatsoever to claim that Serbia might fall into bankruptcy or a public debt crisis, since it is known that Serbia belongs to lightly indebted countries of Europe, whose credit rating has been increased and confirmed during the crisis, the statement says.
In addition it is necessary that the new government continue with a responsible economic policy, implement the consolidation of the budget deficit and continue cooperation with IMF since only in this way can Serbia respond to economic challenges of the period ahead of us and create conditions for increasing the standard of living.
It is therefore important that the new government be formed as soon as possible, given that the existing technical government is not able to make decisions and implement programmes relevant to the country’s economic recovery, the statement concludes.
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