Serbian GDP to grow "up to one percent" in 2015 - PM

Prime Minister Aleksandar Vucic said on Wednesday that Serbia's GDP growth in 2015 will be between 0.5 and one percent.

Izvor: Tanjug

Wednesday, 29.07.2015.

15:23

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(Tanjug)

Serbian GDP to grow "up to one percent" in 2015 - PM

This could be the first year in the history of Serbia in which there will be no budget review, Vucic told a news conference.

“If only public enterprises had not cheated in relation to coefficient and pay increases, the results would have been even better,” the prime minister said, noting that the national budget deficit would total 2.87 percent of GDP by the end of the year.

“If everything goes according to the plan, and we have a better result than the projection we set with the IMF, the national budget deficit will be at 2.87 percent of GDP by the end of the year,” Vucic said.

Vucic said that the current budget deficit amounts to RSD 25 billion, which is in accordance with the plan that Serbia reached with the IMF.

He said that Serbia registers a primary surplus every month, noting that the country's economic development seriously accelerated in the second quarter.

Vucic expects an increase of economic activity between 0.5 and 1 percent of GDP this year.

“This is exactly what I said almost one year ago,” the prime minister said.

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