IMF and Vucic fail to agree on percentage for raising salaries and pensions – Serbia congratulated on good results and state of budget

Representatives of the International Monetary Fund (IMF) and Prime Minister Aleksandar Vucic failed to agree yesterday on the percentage by which salaries in the public sector and pensions would be raised, and the talks would continue in the next ten days, reported the press service of the Government of Serbia.

The IMF Mission is visiting Belgrade for the purpose of the sixth review of the agreement with Serbia, and the visit will last until November 1.

As stated in the report, the IMF Mission congratulated Serbia on its good results and the state of the budget, as the income had increased, the collection of taxes improved and expenditures cut.

It was pointed out at the meeting that Serbia was still on the road of stable macroeconomic and fiscal indicators.

The IMF representatives emphasized that Serbia had made progress in restructuring EPS and Srbijagas.

Serbia signed a Precautionary Standby Arrangement with the IMF, worth around EUR 1.2 billion, in February 2015.

Međunarodni monetarni fond-MMF Beograd

Vlada Republike Srbije

JP Srbijagas Novi Sad

Elektroprivreda Srbije ad Beograd

International Monetary Fund

IMF

Aleksandar Vucic

raising salaries in the public sector

raising pensions

budget of Serbia

EPS

Standby Arrangement