Fiscal Council: Serbia could now use 2 billion euros that were spent irrationally
BizLife 14.04.2022 | Beta
A new crisis is possible in Serbia this year, and two billion euros that were irrationally spent during the covid pandemic would be welcome now, the Fiscal Council said in an analysis of anti-crisis budgetary measures during the pandemic.
Serbia’s public finances can still be assessed as stable in principle, but the excessive and excessively indiscriminate spending in the previous two years was wrong, the analysis says. “Not only has public debt increased by about two billion euros more than necessary due to indiscriminate spending, but the available economic policy mechanisms in a possible new crisis have also been reduced unnecessarily,” said the Fiscal Council, as cited by the Beta agency. The
