Cvetković: Budget is restrictive, but encouraging

The Serbian 2009 budget is both restrictive and encouraging, Prime Minister Mirko Cvetković said on Friday during a meeting with bankers.

Izvor: Tanjug

Saturday, 13.12.2008.

15:36

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The Serbian 2009 budget is both restrictive and encouraging, Prime Minister Mirko Cvetkovic said on Friday during a meeting with bankers. The restrictive aspect primarily refers to the state sector and encouragement to economic development, Cvetkovic said told a gathering dedicated to operationa under the conditions of the international financial crisis. Cvetkovic: Budget is restrictive, but encouraging The prime minister presented Serbia's economic policy measures for 2009 to the bankers present, while Finance Minister Diana Dragutinovic and National Bank of Serbia (NBS) Governor Radovan Jelasic spoke about overcoming possible difficulties in banks' operation due to the international financial crisis. Bank representatives voiced their satisfaction with the adopted draft 2009 budget and added that the NBS measures had given positive results, voicing suggestions regarding the measures. They also reviewed the NBS measures, which should ensure the stability of the exchange rate and sufficient liquidity in the Serbian economy, the government said in a statement.

Cvetković: Budget is restrictive, but encouraging

The prime minister presented Serbia's economic policy measures for 2009 to the bankers present, while Finance Minister Diana Dragutinović and National Bank of Serbia (NBS) Governor Radovan Jelašić spoke about overcoming possible difficulties in banks' operation due to the international financial crisis.

Bank representatives voiced their satisfaction with the adopted draft 2009 budget and added that the NBS measures had given positive results, voicing suggestions regarding the measures.

They also reviewed the NBS measures, which should ensure the stability of the exchange rate and sufficient liquidity in the Serbian economy, the government said in a statement.

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