In 2015, Serbia without budget rebalance

Source: Tanjug Monday, 21.09.2015. 12:47
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Aleksandar Vucic (Photo: Mc.rs)Aleksandar Vucic
Prime Minister, Aleksandar Vucic, said on Saturday, September 19, 2015 that 2015 will be the first year after almost 30 years where no budget rebalance will be done.

Vucic said for Pink that public finance in Serbia “are as clean as a drugstore” and that Serbia is no longer in recession but in plus.

According to him, despite “horrible prices” of steel and copper at the world level, which affects Serbian GDP through business of Zelezara, this year Serbia will have economic growth of app. 1 or over 1 percent.

Thus, option to have increase of over 2 percent and in 2017 over 3 percent which is an opportunity for dynamic and serious growth and a true leap of Serbian economy is created.

Vucic said deficit of the republic budget is 1,12 which is the lowest one for years back but that the government has the biggest problems with indebtness and spending in local self-governance.

Outlining that Serbia received from IMF and the World Bank, upon visit to Washington, Vucic said that he talked to them on pensions and salaries increase which will have positive effects but that it takes caution hen making such a decision.

The prime minister said that prices in Serbia do not increase and that in the next period there will be no serious price increases and that gas price will go down.

Excises payment collection and local VAT is fine but there is still work in the field of grey economy decrease.

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