“Budget adoption is key step toward fiscal stabilization”

By adopting a 2013 budget, Serbia has made a key step towards fiscal stabilization, Finance and Economy Ministry’s State Secretary Vlajko Senić.

Izvor: Tanjug

Sunday, 02.12.2012.

11:27

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BELGRADE By adopting a 2013 budget, Serbia has made a key step towards fiscal stabilization, Finance and Economy Ministry’s State Secretary Vlajko Senic. “I am certain that the condition of Serbia's public finances is dramatically better today than only a few months ago,” Senic told Tanjug. “Budget adoption is key step toward fiscal stabilization” He underlined that by adopting the budget on time, the government and the parliament had showed responsibility towards taxpayers and fully adhered to the budget calendar. “The 2013 budget is the right step towards full fiscal stabilization and only the beginning of a big work which will be underway for a few years,” he added. “The final goal for the year 2015 is to have a budget deficit of one percent of GDP and reduced participation of the public debt in GDP,” Senic stressed. “This is one of the great challenges that we will face courageously,” he pointed out. The Serbian parliament on Saturday adopted the state budget for 2013 which envisages the deficit of 3.3 percent of GDP. According to the 2013 state budget, the economic and fiscal policy will be aimed at macroeconomic stability, speeding up economic growth and slowing down the unemployment rate, reduction of fiscal deficit, deceleration of public debt growth and structural reforms. Vlajko Senic (file) Tanjug

“Budget adoption is key step toward fiscal stabilization”

He underlined that by adopting the budget on time, the government and the parliament had showed responsibility towards taxpayers and fully adhered to the budget calendar.

“The 2013 budget is the right step towards full fiscal stabilization and only the beginning of a big work which will be underway for a few years,” he added.

“The final goal for the year 2015 is to have a budget deficit of one percent of GDP and reduced participation of the public debt in GDP,” Senić stressed.

“This is one of the great challenges that we will face courageously,” he pointed out.

The Serbian parliament on Saturday adopted the state budget for 2013 which envisages the deficit of 3.3 percent of GDP.

According to the 2013 state budget, the economic and fiscal policy will be aimed at macroeconomic stability, speeding up economic growth and slowing down the unemployment rate, reduction of fiscal deficit, deceleration of public debt growth and structural reforms.

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