Vucic and IMF fail to agree on civil servant salaries and pensions increase

The representatives of the International Monetary Fund (IMF) and Prime Minister Aleksandar Vucic failed to agree on how high the salaries in the public sector and pensions sould be raised. The talks wil continue over the course of the next ten days, the Goverment of Serbia’s press release reads.

The IMF Mission is visiting Belgrade to conduct the sixth review of the stand-by arrangement with Serbia, and the visit will last until 1st November.

As stated in the press release, the IMF Mission congratulated Serbia on its good results and the current situation with the state budget, as the budget revenue had increased, the collection of taxes improved and expenditures cut.

It was also pointed out at the meeting that Serbia was still on the road to accomplish stable macroeconomic and fiscal indicators.

The IMF representatives emphasized that Serbia had made progress in restructuring EPS and Srbijagas.

Serbia signed a Precautionary Standby Arrangement with the IMF, worth around EUR 1.2 billion, in February 2015.

(eKapija, 22.10.2016)

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