Q:
A:
RSD 20bn budget savings
Belgrade,
28 January 2014
Minister of Finance Lazar Krstic said today that the deficit budget in 2013 on a consolidated basis amounted to 4.8% of gross domestic product (GDP) instead of the planned 5.3%, which resulted in savings of approximately RSD 20 billion.
Author:
Tanjug
Krstic said that thanks to austerity measures, there was a projected budget deficit.
The Minister said that the arrival of the IMF mission, which will stay in Serbia from 26 February to 13 March, is a sign of confidence that Serbia will continue to implement reforms.
According to Krstic, the negotiations will be difficult, but the Serbian government’s aim is to make a deal with the IMF, and it will persist.
Krstic said that the arrival of the IMF mission inspires huge confidence to investors, and that confirms that our country is on the path of reforms.
The technical government cannot sign the agreement with the IMF, he said noting that this will be done after the elections.
However, it is expected that a significant part of the negotiations with the IMF mission will be conducted during the mission's stay in Belgrade, Krstic concluded.
The Minister said that the arrival of the IMF mission, which will stay in Serbia from 26 February to 13 March, is a sign of confidence that Serbia will continue to implement reforms.
According to Krstic, the negotiations will be difficult, but the Serbian government’s aim is to make a deal with the IMF, and it will persist.
Krstic said that the arrival of the IMF mission inspires huge confidence to investors, and that confirms that our country is on the path of reforms.
The technical government cannot sign the agreement with the IMF, he said noting that this will be done after the elections.
However, it is expected that a significant part of the negotiations with the IMF mission will be conducted during the mission's stay in Belgrade, Krstic concluded.
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