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Serbian Government Emphasizes Austerity Policy

Published: December 4, 2012; 23:45 · (Vindobona)

Next year, the Serbian budget deficit is expected to come at 3.3% of GDP. Until 2015, the deficit will be lowered further, the government says.

Serbian Government Emphasizes Austerity Policy / Picture: © Vindobona.org

Today, the Serbian government has resolved the budget for 2012. According to State Secretary Vlaijko Senic, the budget is a step towards fiscal stabilization. In 2015, the budget deficit will only reach 1.0% of GDP, he said. Next year, the Serbian government expects an economic recovery.

The new tax bill contains a conditional tax amnesty. Finance Minister Mladjan Dinkic expects…

This article includes a total of 87 words.

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