Serbian officials start meetings with IMF delegationSource: Tanjug
BELGRADE -- The talks between a Serbian delegation and a mission of the IMF kicked off with a plenary session at the National Bank of Serbia (NBS) on Tuesday.
The Serbian delegation will be headed by NBS Governor Jorgovanka Tabaković and Finance Minister Lazar Krstić.
During the visit of the IMF mission, which will be in Belgrade until October 7, officials will consider the latest macroeconomic trends, program of reforms, preparations for the 2014 budget and long-term fiscal strategies.
The talks will also address this year's budget, monetary policy, public debt, structural reforms and reforms to the pension system and labor market.
Previously, the IMF mission visited Belgrade in May.
Ivica Dačić stated on Tuesday that Serbia needs an arrangement with the (IMF) because of the credibility of the country's economic policy, and added that the budget deficit needs to be reduced next year.
He announced that he would confer with the IMF mission on Thursday. The IMF officials arrived in Serbia for a visit on Tuesday.
“We want an arrangement with the IMF, primarily the World Bank, and we will see whether this is possible,” the prime minister said and noted that the IMF this time has no negotiating tasks and should instead inspect the situation and offer recommendations.
Dačić said that he is considering the way in which the salaries in the public sector could be limited.
“This means that a more fair distribution of funds within the public sector, while on the other hand, the funds at our disposal could be used for development projects,” Dačić told reporters at the private Megatrend university.
He added that the budget deficit was higher than demonstrated by data released earlier and added that the said data was not correct. This was established by the new minister of finance who said that Serbia's debt increased from around 30 percent of GDP to almost 60 percent since 2008.
Dačić announced that the finance minister would propose measures that would be presented to the public.
He reiterated that the funds Serbia expects to receive from other countries, such as the United Arab Emirates, will certainly not be used to fill the budget but would instead be directed into development projects.