Q:
A:
State continues to meet all its obligations on time
Belgrade,
24 July 2012
The Ministry of Finance stated today that public finances are stable and that the state will continue to meet all its obligations on time.
The statement says that at the moment there is over RSD 35 billion on the execution accounts of the Republic of Serbia, and additional inflow of around RSD 10 billion is expected by the end of the year from bond issue.
Given that the budgetary revenues in July are higher than planned, this amount is quite sufficient for an unimpeded financing of the deficit over the next few months.
Bearing in mind the current financial situation, even if the technical government had the mandate until the end of the year, all legal obligations for salaries, pensions or social benefits would be fulfilled as until now, without a single day of delay.
Also, the state does not need any additional borrowing until the end of the year over the amount already envisaged by the Budget Law for 2012, the statement adds.
Given that the budgetary revenues in July are higher than planned, this amount is quite sufficient for an unimpeded financing of the deficit over the next few months.
Bearing in mind the current financial situation, even if the technical government had the mandate until the end of the year, all legal obligations for salaries, pensions or social benefits would be fulfilled as until now, without a single day of delay.
Also, the state does not need any additional borrowing until the end of the year over the amount already envisaged by the Budget Law for 2012, the statement adds.
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