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Budget Crisis: Serbia to Reduce Foreign Exchange Reserves

Published: August 2, 2012; 18:32 · (Vindobona)

In order to mend Serbia´s budget hole, the government plans to amend the Central Bank law.

Budget Crisis: Serbia to Reduce Foreign Exchange Reserves / Picture: © Flickr

The new government faces enormous challanges as the situation of the domestic economy is everything but promising. In the last two years, the Serbian economy only grew very decently. This year, only a growth rate of 0.2% is anticipated. At least, Serbia´s GDP should grow by 1.7% next year.

Serbia´s government faces a growing budget deficit, which ist he major weak point of…

This article includes a total of 230 words.

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