RE:RE:IMF has accepted the government's plan for ResavicaIt's the complete opposite.
They have never had so much money left in the budget in December before.
The original article that I posted said as much despite its poor translation. This one is even more accurate about the possibly of not having a deficit at all this year.
The changes in the public companies are expected before the end of THIS year.
As for the plan for Resavica, it has been eluded to in various news articles. I'm sure more specific information will be released in the next few days by the Serbian news agencies.
It's beginning to look at lot like Christmas! :-)
VB
Official English translation can be found below...
https://www.ekapija.com/website/en/page/1623505/VUCIC-There-may-not-be-a-budget-deficit-in-2016-at-all
VUCIC: There may not be a budget deficit in 2016 at all
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| Thursday, 12/15/2016|15:03 | Source: Tanjug/Beta |
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| Aleksandar Vucic (photo: Mc.rs) |
Prime Minister Aleksandar Vucic says that Serbia is economically stable and that it remains to be seen whether there will be a budget deficit at all, as planned.
– We have never had more money in the budget in December, even though Petrohemija's debt in the amount of EUR 105 million has been repaid and despite investments in the military equipment, arms and arms industry – Vucic said at the conference “The Economist: The World in 2017” at the National Assembly of Serbia.
According to him, the state deficit at the end of this year will amount to around 1.2% of the GDP, and it would have been 0.8% had it not been for those expenses.
– We have replaced the biggest debts with those with lower interest rates, and the banks which were unwilling to accept that have been fully repaid. What debts remain will be repaid at an interest rate of 3% – the prime minister said.
He also estimated that it would be a challenge for Serbia to achieve the planned economic growth in 2017, due to world events, primarily the decisions made by the strongest economies. He explained that, for example, the American FED had increased the benchmark rate by 1%, thereby strengthening the dollar and increasing Serbia's debt by EUR 80 million.
Vucic expects that Serbia will successfully pass the reviews of the International Monetary Fund and says that the institution has only one complaint, regarding Srbijagas, which will be discussed with its director in the coming days. He adds that the IMF has accepted the government's plan for MSC Bor and Resavica.
The prime minister also said that there would be numerous changes in the of public enterprises before the end of the year. |