NBS urges reduction in budget spending
If Serbia is to mitigate the effects of the economic crisis, the fiscal spending should be reduced, the central bank says.
Wednesday, 18.02.2009.
18:21
If Serbia is to mitigate the effects of the economic crisis, the fiscal spending should be reduced, the central bank says. Which areas will be chose for this are a matter of the government's economic policy, reporters heard in Belgrade on Wednesday at the presentation of the February Inflation Report of the National Bank of Serbia (NBS). NBS urges reduction in budget spending NBS Economic Analyses and Research Sector Director Branko Hinic said the national bank estimates show that this year economic growth will amount to about two percent, "but only if the character of the fiscal policy changes dramatically". Hinic underscored that the drop of economic activities in Serbia has not been followed by reduced prices and by lower consumer spending, but by relatively strong inflation pressures, and said this is why it is unrealistic to expect that the restrictive scope of the monetary policy will be reduced in the coming period. According to him, the reference interest rate in the coming period most probably will not change, "while the chances that it would be corrected rather than reduced". Estimates are that overall inflation in the first quarter of the year, according to the index of consumer prices, could reach about 4.4 percent, Hinic stated.
NBS urges reduction in budget spending
NBS Economic Analyses and Research Sector Director Branko Hinić said the national bank estimates show that this year economic growth will amount to about two percent, "but only if the character of the fiscal policy changes dramatically".Hinić underscored that the drop of economic activities in Serbia has not been followed by reduced prices and by lower consumer spending, but by relatively strong inflation pressures, and said this is why it is unrealistic to expect that the restrictive scope of the monetary policy will be reduced in the coming period.
According to him, the reference interest rate in the coming period most probably will not change, "while the chances that it would be corrected rather than reduced".
Estimates are that overall inflation in the first quarter of the year, according to the index of consumer prices, could reach about 4.4 percent, Hinić stated.
0 Komentari
Možda vas zanima
"Zbogom bankomati": Uveden novi sistem isplate
Podizanje gotovine za kupovinu postaje sve popularnije među potrošačima u Nemačkoj. Ukupni obim gotovinskih plaćanja prošle godine je porastao 20 odsto na 12,31 milijardu evra.
13:19
18.4.2024.
20 h
Bure baruta pred eksplozijom: Počinje veliki rat?
Bliski istok, zbog promene ravnoteže snaga i dubokih kriza, pre svega palestinsko-izraelske, može se smatrati buretom baruta i ima potencijal da dovede ne samo do regionalnog sukoba, već i do globalnog konflikta.
20:40
17.4.2024.
1 d
Rat – dan 784: Rusi aktivirali PVO; Oboreni "vampiri"
Rat u Ukrajini dan – 784.
23:33
17.4.2024.
1 d
Uništeno; Zelenski: Hvala na preciznosti
U ukrajinskom napadu na vojni aerodrom na Krimu u sredu ozbiljno su oštećena četiri lansera raketa, tri radarske stanice i druga oprema, saopštila je danas Ukrajinska vojna obaveštajna agencija.
14:21
18.4.2024.
19 h
Mediji: Ultimatum za Srbiju
Višegodišnja dilema "Kosovo ili Evropska unija", koja je lebdela nad Srbijom, dobiće svoj praktični izraz sledeće nedelje, pišu mediji.
13:01
17.4.2024.
1 d
Komentari 0