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Serbian Government Emphasizes Need of Austerity
Politics ♦
Published: January 10, 2013; 09:53 ♦ (Vindobona)
The government in Belgrade has prepared a fiscal consolidation program. In the next years, the public debt quota is expected to decrease slightly.
Serbian Government Emphasizes Need of Austerity / Picture: © Flickr
Serbia’s fiscal position has deteriorated significantly as a consequence of the accommodative fiscal policy stance, especially in the first half of the year, and changes in the macroeconomic framework. To halt these trends and bring the general government deficit down to a sustainable level, the government has prepared the fiscal consolidation…
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