NBS urges reduction in budget spending
If Serbia is to mitigate the effects of the economic crisis, the fiscal spending should be reduced, the central bank says.
Wednesday, 18.02.2009.
18:21
If Serbia is to mitigate the effects of the economic crisis, the fiscal spending should be reduced, the central bank says. Which areas will be chose for this are a matter of the government's economic policy, reporters heard in Belgrade on Wednesday at the presentation of the February Inflation Report of the National Bank of Serbia (NBS). NBS urges reduction in budget spending NBS Economic Analyses and Research Sector Director Branko Hinic said the national bank estimates show that this year economic growth will amount to about two percent, "but only if the character of the fiscal policy changes dramatically". Hinic underscored that the drop of economic activities in Serbia has not been followed by reduced prices and by lower consumer spending, but by relatively strong inflation pressures, and said this is why it is unrealistic to expect that the restrictive scope of the monetary policy will be reduced in the coming period. According to him, the reference interest rate in the coming period most probably will not change, "while the chances that it would be corrected rather than reduced". Estimates are that overall inflation in the first quarter of the year, according to the index of consumer prices, could reach about 4.4 percent, Hinic stated.
NBS urges reduction in budget spending
NBS Economic Analyses and Research Sector Director Branko Hinić said the national bank estimates show that this year economic growth will amount to about two percent, "but only if the character of the fiscal policy changes dramatically".Hinić underscored that the drop of economic activities in Serbia has not been followed by reduced prices and by lower consumer spending, but by relatively strong inflation pressures, and said this is why it is unrealistic to expect that the restrictive scope of the monetary policy will be reduced in the coming period.
According to him, the reference interest rate in the coming period most probably will not change, "while the chances that it would be corrected rather than reduced".
Estimates are that overall inflation in the first quarter of the year, according to the index of consumer prices, could reach about 4.4 percent, Hinić stated.
0 Komentari
Možda vas zanima
Rat – dan 794: Uništeni su; Žestoke borbe; "Noćna mora" VIDEO
Rat u Ukrajini – 794. dan. Ukrajinski presednik Volodimir Zelenski izjavio je da je Ukrajini potrebno najmanje sedam PVO sistema Patriot i pozvao ukrajinske partnere da ne gube vreme kako bi se Rusiji uputio "odlučan signal".
23:30
27.4.2024.
21 h
Analiza: Zašto su Nemci i SAD odložili izjašnjavanje o Rezoluciji o Srebrenici
Glasanje o Rezoluciji o Srebrenici pred Generalnom skupštinom Ujedinjenih nacija, prvobito planirano za 2. maj, pomereno je za najmanje četiri dana, jer Zapad želi da dobije na vremenu kako bi prikupio dodatne glasove.
19:11
27.4.2024.
1 d
Rat – dan 793: Vazdušna opasnost u celoj Ukrajini; Stižu Rusi
Rat u Ukrajini – 793. dan. Juče su na frontu bila 93 borbena okršaja, najviše ruskih napada Oružane snage Ukrajine odbile su na pravcu Avdejevka, Bahmut, Liman i Novopavliv, saopštava Vojska Ukrajine.
23:42
26.4.2024.
1 d
Zapad zapretio, Kina uzvratila
Kina je usvojila zakon o carinama kojim želi da osnaži mehanizme odbrane svoje ekomonije nakon pretnji Sjedinjenih Američkih Država i Evropske unije da će reagovati na izvoz jeftinih kineskih proizvoda.
7:59
27.4.2024.
1 d
Srđan Đoković hitno primljen u Urgentni centar
Srđan Đoković, otac najboljeg tenisera sveta Novaka Đokovića, hitno je primljen u Urgentni centar, prenosi "Kurir".
14:30
28.4.2024.
6 h
Komentari 0