The Fiscal Council: Revision “drives” Serbia into excessive indebtedness
BizLife 20.04.2021 | Beta
It is added that the proposed revision envisages the deficit of Serbia, instead of 2.9 percent of GDP, or around 1.5 billion euros respectively, amounting to 6.9 percent of GDP or around 3.5 billion euros.
It was pointed out that the increase in the fiscal deficit more than two times, i.e. by two billion euros in relation to the original plan, will be financed by country’s new loans, which will delay the stabilization of public debt in relation to GDP. As it is evaluated, the best side of the proposed revision is a strong increase in state investments in infrastructure, because it effectively stimulates economic growth, and there is a need for that because the
