GDP growth “likely to surpass two percent”

Serbian Finance and Economy Ministry State Secretary Vlajko Senić said Sunday that the parliamentary debate on the 2013 budget bill would kick off next week.

Izvor: Tanjug

Sunday, 18.11.2012.

13:34

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BELGRADE Serbian Finance and Economy Ministry State Secretary Vlajko Senic said Sunday that the parliamentary debate on the 2013 budget bill would kick off next week. He added that he believed and that the document would be adopted in late November. GDP growth “likely to surpass two percent” Senic told Tanjug that the next year was likely to see the GDP growth greater than projected two percent. The state secretary said that no vital changes in the budget should be expected after its adoption in relation to the proposed form of the law. “The idea in the Finance Ministry was to adopt the budget by the end of November and thus send a message to the market, which according to our sale of Eurobonds, reacts well to what we are doing,” he explained. “We are growing confidant in the reality of the macroeconomic projections for the next year,” Senic noted. The 2013 draft budget was adopted by the government on October 25 and submitted to the parliament for discussion on October 31. The draft budget envisages revenues worth RSD 956.4bn, expenditures around RSD 1.078bn and budget deficit of around RSD 121.9bn, which is 3.3 percent of the GDP. The budget is planned based on the government's prognosis that the GDP growth will amount to two percent next year and that inflation will be 5.5 percent. Tanjug

GDP growth “likely to surpass two percent”

Senić told Tanjug that the next year was likely to see the GDP growth greater than projected two percent.

The state secretary said that no vital changes in the budget should be expected after its adoption in relation to the proposed form of the law.

“The idea in the Finance Ministry was to adopt the budget by the end of November and thus send a message to the market, which according to our sale of Eurobonds, reacts well to what we are doing,” he explained.

“We are growing confidant in the reality of the macroeconomic projections for the next year,” Senić noted.

The 2013 draft budget was adopted by the government on October 25 and submitted to the parliament for discussion on October 31.

The draft budget envisages revenues worth RSD 956.4bn, expenditures around RSD 1.078bn and budget deficit of around RSD 121.9bn, which is 3.3 percent of the GDP.

The budget is planned based on the government's prognosis that the GDP growth will amount to two percent next year and that inflation will be 5.5 percent.

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