"Budget deficit will not exceed 3 percent of GDP"

Even if the government fails to save a single euro by year-end, Serbia's budget deficit will not exceed 3 percent of GDP, says Finance Minister Dusan Vujovic.

Izvor: Tanjug

Thursday, 18.06.2015.

11:43

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(Tanjug)

"Budget deficit will not exceed 3 percent of GDP"

Some critics claim that these are just one-off improvements, but they admit that they are the results of a stricter fiscal discipline “in public enterprises - the same enterprises that did not pay any dividends in ten years, and now they do,” the minister noted.

Vujovic pointed out that Serbia has practically stepped on the path of EU accession process in January 2014.

“In that context, we decided to embark on a radical reform program that includes both macroeconomic and structural measures which, in our opinion, are far more difficult,” the minister said.

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