IMF rep doubts target deficit of 4.7 percent of GDP
Serbia's planned budget deficit for 2013 is still too ambitious unless additional measures are taken, says IMF Resident Representative Bogdan Lissovolik.
Thursday, 11.07.2013.
09:22
BELGRADE Serbia's planned budget deficit for 2013 is still too ambitious unless additional measures are taken, says IMF Resident Representative Bogdan Lissovolik. The adopted budget balancing law states that the figure must not exceed 4.7 percent of GDP. IMF rep doubts target deficit of 4.7 percent of GDP If the budget deficit ends up exceeding the target at the state level, additional savings will have to be made, and there are still no measures planned in case this happens, Lissovolik said in an interview for the latest issue of the weekly NIN. Government measures aimed at savings are good, added Lissovolik, noting that many problems will still be there next year, so efforts to reduce the fiscal deficit must be consistent and sustainable. Lissovolik noted that that cutting spending on capital investments might not really reduce public spending, if one portion is just pushed from 2013 to 2014. "The government should also take other measures to reduce spending in all coming years," he said. The outgoing IMF representative in Serbia says the chances that the deficit will be 4.7 percent are not high, because even the explanation accompanying the balancing bill said there is a considerable risk that revenue will end up RSD 15 billion short of the planned sum, or even more. (file) NIN Tanjug
IMF rep doubts target deficit of 4.7 percent of GDP
If the budget deficit ends up exceeding the target at the state level, additional savings will have to be made, and there are still no measures planned in case this happens, Lissovolik said in an interview for the latest issue of the weekly NIN.Government measures aimed at savings are good, added Lissovolik, noting that many problems will still be there next year, so efforts to reduce the fiscal deficit must be consistent and sustainable.
Lissovolik noted that that cutting spending on capital investments might not really reduce public spending, if one portion is just pushed from 2013 to 2014.
"The government should also take other measures to reduce spending in all coming years," he said.
The outgoing IMF representative in Serbia says the chances that the deficit will be 4.7 percent are not high, because even the explanation accompanying the balancing bill said there is a considerable risk that revenue will end up RSD 15 billion short of the planned sum, or even more.
0 Komentari
Možda vas zanima
16.700 vojnika raspoređeno: Počelo je...
Filipinske i američke trupe počele su danas vojne vežbe "Balikatan" u Filipinima, koje će trajati do 10. maja, a uključivaće i pomorske vežbe u Južnom kineskom moru, na čije teritorije polažu pravo i Kina i Filipini.
12:24
22.4.2024.
1 d
Rat – dan 788: Bitka na Krimu; Ukrajinci pogodili najstariji ruski brod
Rat u Ukrajini – 788. dan. Ukrajinska vojska je tokom prethodnog dana gađala ciljeve u ruskim oblastima Belgorod i Smolensk pri čemu su poginule dve osobe, povređeno je nekoliko ljudi i uništeno je skladište goriva.
23:42
21.4.2024.
1 d
Ako samo jedan sistem stane, ceo svet ode dođavola, a počeo je da usporava
Severnoatlantska meridijanska struja (AMOC) usporava brže nego što se mislilo i približava se tački bez povratka, a posledice za ceo svet biće teške, upozprava okeanograf.
8:30
22.4.2024.
1 d
Rat – dan 789: Uzbuna, uzbuna, uzbuna! Proglašena balistička opasnost VIDEO
Rat u Ukrajini – 789. dan. U više oblasti Ukrajine zabeleženi su ruski napadi, tvrdi Kijev.
23:55
22.4.2024.
12 h
Tripl-dabl Jokića, Marej pogodio uz zvuk sirene za pobedu! VIDEO
Košarkaši Denver Nagetsa poveli su 2-0 protiv Los Anđeles Lejkersa nakon dramatične druge utakmice u Koloradu!
6:42
23.4.2024.
5 h
Komentari 0