Deficit to be covered by selling state property

BELGRADE Mladjan Dinkic says that, besides covering the budget deficit by new borrowing, the government will also have selling some of the state property. Deficit to be covered by selling state property Deficit to be covered by selling state property Minister of Finance and Economy Mladjan Dinkic says that, besides covering the budget deficit by new borrowing, the government will also have selling some of the state property. The Serbian minister of finance and economy said at the Management Forum of the Southeastern Europe that the state-owned Electric Power Industry of Serbia, EPS, will not go on sale. However, "new facilities will be built through a model of public-private partnership", he noted. The minister also said that the state monopoly companies, such as Belgrade's Nikola Tesla Airport, will not be sold either. "Only those companies which have competition and which will not be able to keep up with their competition in the future will be sold, as well as some fixed state assets," Dinkic said. The minister also announced that the period of company restructuring will be limited by law to September 30, 2014, and added the government will endeavor to find strategic partners for some of the companies in the meantime. Mladjan Dinkic (Tanjug) Tanjug

Deficit to be covered by selling state property

Deficit to be covered by selling state property

Minister of Finance and Economy Mlađan Dinkić says that, besides covering the budget deficit by new borrowing, the government will also have selling some of the state property.

The Serbian minister of finance and economy said at the Management Forum of the Southeastern Europe that the state-owned Electric Power Industry of Serbia, EPS, will not go on sale.

However, "new facilities will be built through a model of public-private partnership", he noted.

The minister also said that the state monopoly companies, such as Belgrade's Nikola Tesla Airport, will not be sold either.

"Only those companies which have competition and which will not be able to keep up with their competition in the future will be sold, as well as some fixed state assets," Dinkić said.

The minister also announced that the period of company restructuring will be limited by law to September 30, 2014, and added the government will endeavor to find strategic partners for some of the companies in the meantime.