Budget revision agreement with IMF

The government and the IMF have agreed on a revision of Serbia's current budget, says Finance Minister Diana Dragutinović.

Izvor: B92

Wednesday, 10.11.2010.

11:02

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The government and the IMF have agreed on a revision of Serbia's current budget, says Finance Minister Diana Dragutinovic. However, the issues of pensions and the state budget for 2011 remain open, she said in Belgrade on Tuesday. Budget revision agreement with IMF The 2010 budget revision will be sent to parliament within the next to two three days for MPs to approve, Dragutinovic explained. As for the next budget, the minister expects it to be harmonized by December 15 at the latest. This revision will see the government seek a further RSD 12.8bn in budget deficit. As for the pension insurance legislation, Dragutinovic said that the draft has been changed when it comes to pensioners with lowest incomes, but that there was no agreement regarding the ratio between average salaries and average pensions. In the meantime, the growing budget deficit will be tackled with loans taken out from commercial banks. MPs will be asked to allow the state to borrow up to EUR 300mn in this way, but opposition parties accuse the government of leading the country toward economic abyss. Diana Dragutinovic (Tanjug)

Budget revision agreement with IMF

The 2010 budget revision will be sent to parliament within the next to two three days for MPs to approve, Dragutinović explained.

As for the next budget, the minister expects it to be harmonized by December 15 at the latest.

This revision will see the government seek a further RSD 12.8bn in budget deficit.

As for the pension insurance legislation, Dragutinović said that the draft has been changed when it comes to pensioners with lowest incomes, but that there was no agreement regarding the ratio between average salaries and average pensions.

In the meantime, the growing budget deficit will be tackled with loans taken out from commercial banks. MPs will be asked to allow the state to borrow up to EUR 300mn in this way, but opposition parties accuse the government of leading the country toward economic abyss.

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