Serbia’s public finances are now stable


Photo: Pixabay

Serbian Minister of Finance Sinisa Mali and Head of the Mission of the International Monetary Fund James Roaf have agreed that Serbia’s public finances are now stable, but it is necessary to maintain fiscal discipline, continue with reduction of the public debt and strengthen system’s institutions.

“This will also lead to stronger economy and opening of new jobs,” interlocutors have concluded in a statement published by the Ministry.

As published, Mali and Roaf have discussed about the announced increase in pensions and salaries in public sector, as well as package of stimulus measures that can contribute to better business environment and increase in competitiveness.

They have agreed that the new program “The Policy Coordination Instrument (PCI) is important for an accelerated and sustainable growth of the economy and income, along with preservation of macroeconomic and fiscal stability.

Minister has expressed gratitude to the representatives of the IMF for present cooperation and successfully closed arrangement, pointing out that results have been achieved thanks to joint efforts.

The IMF delegation led by James Roaf will reside in Belgrade until June 13th.

Source: Beta

Photo: Pixabay