Ministry reveals planned GDP growth in 2012

The Finance Ministry expects the 2012 GDP growth to total three perent, increasing from this year's RSD 3,359bn to 3,614bn (some EUR 35.9bn) in the next year.

Izvor: Tanjug

Thursday, 13.10.2011.

19:50

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The Finance Ministry expects the 2012 GDP growth to total three perent, increasing from this year's RSD 3,359bn to 3,614bn (some EUR 35.9bn) in the next year. This was published in a report on 2012 fiscal strategy with projections for 2013 and 2014, which was released on Thursday. Ministry reveals planned GDP growth in 2012 According to the Finance Ministry's preliminary projections, the GDP growth per capita should increase from EUR 4,518.3 in 2011 to EUR 4,799.1 in the year to come. The ministry also expects the inflation rate to drop from 7.9 percent in 2011 to 3.5 percent in 2012. According to projections, the euro value of exports should drop from 17.4 percent in 2011 to 13.5 percent in the next year, the import would also drop from 13.2 percent to 8.8 percent, current account deficit should increase from 7.6 percent in 2011 to 8.7 percent of GDP in 2012 while the external trade deficit would drop by 0.2 percent relative to 2011, thus totaling 15.1 percent of GDP. The Finance Ministry started preparing the report on 2012 fiscal strategy with projections for 2013 and 2014, which marks the formal beginning of the 2012 budget planning. The report should be adopted in the third week of October.

Ministry reveals planned GDP growth in 2012

According to the Finance Ministry's preliminary projections, the GDP growth per capita should increase from EUR 4,518.3 in 2011 to EUR 4,799.1 in the year to come.

The ministry also expects the inflation rate to drop from 7.9 percent in 2011 to 3.5 percent in 2012.

According to projections, the euro value of exports should drop from 17.4 percent in 2011 to 13.5 percent in the next year, the import would also drop from 13.2 percent to 8.8 percent, current account deficit should increase from 7.6 percent in 2011 to 8.7 percent of GDP in 2012 while the external trade deficit would drop by 0.2 percent relative to 2011, thus totaling 15.1 percent of GDP.

The Finance Ministry started preparing the report on 2012 fiscal strategy with projections for 2013 and 2014, which marks the formal beginning of the 2012 budget planning. The report should be adopted in the third week of October.

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