MAT analyzes EPS: Expenditures twice higher than revenues, salaries 50% above average
BizLife 12.09.2022 | Beta
In 2021, Elektroprivreda Srbije (EPS) rapidly worsened all of its balance positions compared to 2020, so share in gross domestic product (GDP) was reduced from 2.23% to 1.38%.
This was published in the latest issue of the magazine Makroekonomske analize i trendovi (Macroeconomic Analyses and Trends – MAT). In MAT’s analysis “Effects of EPS’ business in 2021: Facing the Consequences of Lack of Restructuring”, by authors Edvard Jakopin and Nataša Čokorilo, it is stated that in that period, EPS reduced gross value added (GVA) by 35%. Total business expenditures in 2021, as it is stated, were twice higher than total business revenues.
