Serbia to Continue Talks with IMF

People ♦ Published: March 21, 2014; 19:06 ♦ (Vindobona)

Serbia's Minister of Finance Lazar Krstic announced that an International Monetary Fund (IMF) mission will visit Serbia for talks on a new three-year arrangement shortly after a new government is formed.

Major budget cuts are necessary to reduce the budget deficit in Serbia. / Picture: © IMF

He said that public debt reduction will be one of the goals of the new government, making major budget cuts a necessity.

In view of the high level of public debt and its growth rate over the past five years, one of the goals of the new government will be to stabilise the debt and reverse the trajectory it has had thus far.

This makes major budget cuts a necessity in order…