Serbia's budget deficit 4.8% of GDP

Economy Minister Mladjan Dinkic says the 2010 budget review includes a deficit of 4.8 percent of the GDP, as agreed with the International Monetary Fund (IMF). "We have not changed a thing compared to what we agreed on two months ago. Budget expenditures are in line with what was agreed with the IMF, and the deficit stands at 4.8 percent of the GDP, also according to the agreement," Dinkic told reporters during the Euromoney conference. Serbia's budget deficit 4.8% of GDP The review should provide the ministry with RSD 3.5 billion (EUR 1 = RSD 106), said Dinkic. "Funds for the poor are a priority, but the economy is also important, because you have to raise the economy to be able to help the poor," Dinkic explained. An IMF mission will visit Belgrade in two days to discuss the sixth review of Serbia's economic performance under the Stand-By Arrangement with that institution, he announced. The talks will focus on the 2011 budget, he remarked. Dinkic is currently attending a two-day conference on finance and investments in southeastern Europe. The event is entitled Euromoney and will include over 300 bankers, companies and political officials from more than 20 countries.

Serbia's budget deficit 4.8% of GDP

The review should provide the ministry with RSD 3.5 billion (EUR 1 = RSD 106), said Dinkić.

"Funds for the poor are a priority, but the economy is also important, because you have to raise the economy to be able to help the poor," Dinkić explained.

An IMF mission will visit Belgrade in two days to discuss the sixth review of Serbia's economic performance under the Stand-By Arrangement with that institution, he announced. The talks will focus on the 2011 budget, he remarked.

Dinkić is currently attending a two-day conference on finance and investments in southeastern Europe. The event is entitled Euromoney and will include over 300 bankers, companies and political officials from more than 20 countries.