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A:
RSD 37 bn savings through budget revision
Belgrade,
19 June 2013
Minister of Economy and Finance Mladjan Dinkic stated that the Serbian government will save RSD 37 billion through the budget revision, and that it has harmonised the measures for stabilisation of the state budget, structural reform of the public sector and structural reform for the improvement of business environment.
He told a press conference in the Serbian government that the government will not change the revenues, since the economy is already overburdened, and that it can only reduce the expenditures by around RSD 50 billion.
He explained that new expenditures have been introduced so the net savings will amount to RSD 37 billion.
The budget revision will enter the government's procedure on 24 June, and it will be submitted to the parliament on 1 July which will launch a debate.
Dinkic said that there will be no freezing of salaries and pensions, and that after a two percent increase in April another increase of 0.5% is expected in 2013, while in 2014 there will be one increase of 0.5% in April and another one of one percent in October.
There is no money for bigger rises, Dinkic said adding that the economic growth of 2-3% will probably be the highest in the region.
He said that Serbia's public debt at the end of June amounted to €18.9 billion, and that the strategy is to reduce the borrowing and to make money from borrowings for investment and capital investment.
He explained that the programme of measures to reform the public sector stipulates that by 30 June next year the status of 179 companies in restructuring, employing 54,000 workers is solved, while by the end of this year, 66 companies should be offered on sale.
He explained that new expenditures have been introduced so the net savings will amount to RSD 37 billion.
The budget revision will enter the government's procedure on 24 June, and it will be submitted to the parliament on 1 July which will launch a debate.
Dinkic said that there will be no freezing of salaries and pensions, and that after a two percent increase in April another increase of 0.5% is expected in 2013, while in 2014 there will be one increase of 0.5% in April and another one of one percent in October.
There is no money for bigger rises, Dinkic said adding that the economic growth of 2-3% will probably be the highest in the region.
He said that Serbia's public debt at the end of June amounted to €18.9 billion, and that the strategy is to reduce the borrowing and to make money from borrowings for investment and capital investment.
He explained that the programme of measures to reform the public sector stipulates that by 30 June next year the status of 179 companies in restructuring, employing 54,000 workers is solved, while by the end of this year, 66 companies should be offered on sale.
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