New finance minister announces anti-crisis measures
Serbia's Finance Minister Mlađan Dinkić says that the government will immediately prepare a program of anti-crisis measures.
Friday, 27.07.2012.
16:28
BELGRADE Serbia's Finance Minister Mladjan Dinkic says that the government will immediately prepare a program of anti-crisis measures. He stressed that it would also radically cut all the unnecessary costs. New finance minister announces anti-crisis measures “We need to stop making debts but it cannot happen over night and that is why the unnecessary costs will have to be radically cut,” Dinkic told reporters in parliament on Friday after taking an oath. He said that a plan for fiscal consolidation would be prepared by September, adding that wealthy people would carry most of the burden. “It will not be easy in the future period but we will manage to survive, to stabilize ourselves and then make a U-turn,” the United Regions of Serbia (URS) leader stressed. He stressed that the state bureaucracy needed to be reduced and announced that many agencies would be closed. “The current Serbian government is the poorest in the last ten years when it comes to public finances it has in the beginning of the mandate,” Dinkic said and added that the new government faced a deficit worth 7.3 percent of the GDP. He promised that the state finance would no longer be secret and that the public would have an insight into it. The finance and economy minister said that he would consult unions, workers, representatives of small- and medium-sized companies and economists on the preparation of the anti-crisis program. “Until things in the EU are fixed, they can hardly be fixed in Serbia but the state will help those that are threatened the most – craftsmen, small- and medium-sized companies and pensioners, so they will feel the crisis period as little as possible,” Dinkic said. The new finance and economy minister assessed that it was necessary to strengthen the production. He condemned the financial policy that allowed unrestrained indebtedness and pointed out that the future generations could not pay for the mistakes of the previous generations, adding that the fiscal consolidation plan would cut all unnecessary expenditures. “It is not a belt-tightening policy when you close an unnecessary bureaucratic state institution and we will relentlessly close such institutions in the first months of the government’s mandate,” the minister concluded. Mladjan Dinkic (FoNet, file) Beta Tanjug
New finance minister announces anti-crisis measures
“We need to stop making debts but it cannot happen over night and that is why the unnecessary costs will have to be radically cut,” Dinkić told reporters in parliament on Friday after taking an oath.He said that a plan for fiscal consolidation would be prepared by September, adding that wealthy people would carry most of the burden.
“It will not be easy in the future period but we will manage to survive, to stabilize ourselves and then make a U-turn,” the United Regions of Serbia (URS) leader stressed.
He stressed that the state bureaucracy needed to be reduced and announced that many agencies would be closed.
“The current Serbian government is the poorest in the last ten years when it comes to public finances it has in the beginning of the mandate,” Dinkić said and added that the new government faced a deficit worth 7.3 percent of the GDP.
He promised that the state finance would no longer be secret and that the public would have an insight into it.
The finance and economy minister said that he would consult unions, workers, representatives of small- and medium-sized companies and economists on the preparation of the anti-crisis program.
“Until things in the EU are fixed, they can hardly be fixed in Serbia but the state will help those that are threatened the most – craftsmen, small- and medium-sized companies and pensioners, so they will feel the crisis period as little as possible,” Dinkić said.
The new finance and economy minister assessed that it was necessary to strengthen the production.
He condemned the financial policy that allowed unrestrained indebtedness and pointed out that the future generations could not pay for the mistakes of the previous generations, adding that the fiscal consolidation plan would cut all unnecessary expenditures.
“It is not a belt-tightening policy when you close an unnecessary bureaucratic state institution and we will relentlessly close such institutions in the first months of the government’s mandate,” the minister concluded.
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