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Belgrade to Sharpen Austerity Policy
Politics ♦
Published: October 25, 2012; 19:13 ♦ (Vindobona)
Next year, Serbia reduces the budget deficit from 6.2% to 3.5% of GDP. The Serbian government expects that the economy will recover next year.
Belgrade to Sharpen Austerity Policy / Picture: © Vindobona.org
Today, the Serbian government has adopted its budget draft for 2013. The budget deficit will reach 3.3% of GDP next year. Expenditures come at € 7.7bn and revenues are expected to reach € 6.8bn. According to Finance Minister Mladjan Dinkic, the Serbian budget has established a balance between austerity and incentives. In 2014, the Serbian budget deficit should be lowered to 1.9% and…
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