"Spending cuts alone aggravate crisis"

Economy Minister Mlađan Dinkić said Monday that an IMF delegation has completed its visit to Serbia and the government will review its recommendations.

Izvor: Tanjug

Monday, 20.05.2013.

17:08

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JAGODA Economy Minister Mladjan Dinkic said Monday that an IMF delegation has completed its visit to Serbia and the government will review its recommendations. "We will certainly implement all good recommendations, because it is in our interest to improve the business environment, cut down on unproductive spending and encourage investments, so that out export and employment can grow," Dinkic told reporters in Jagodina. "Spending cuts alone aggravate crisis" Talking about spending cuts, Dinkic said they "cannot be made in the construction of infrastructure, hiring and export incentives, and the living standards of retirees and workers." "We need to save on administration and bureaucracy, while striving to increase the GDP," he said. "Spending cuts alone, at a time when the GDP is stagnant or dropping, only deepen the problems. We need to find a balance between spending cuts and development, because without development, spending cuts are pointless," said the minister. (Beta, file) Tanjug

"Spending cuts alone aggravate crisis"

Talking about spending cuts, Dinkić said they "cannot be made in the construction of infrastructure, hiring and export incentives, and the living standards of retirees and workers."

"We need to save on administration and bureaucracy, while striving to increase the GDP," he said.

"Spending cuts alone, at a time when the GDP is stagnant or dropping, only deepen the problems. We need to find a balance between spending cuts and development, because without development, spending cuts are pointless," said the minister.

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