Vujovic: 2017 budget geared towards development

Serbian Minister of Finance Dusan Vujovic said on 17th November that the next year’s budget would be moderately developmental and that the GDP was supposed to grow by three percent accompanied by low inflation of around one percent.

“A budget deficit of 1.7 percent of GDP is predicted, which will equal RSD4.4 billion,” Vujovic said at Raiffeisen Bank’s economic conference in Belgrade.

He outlined that the GDP was expected to grow while the public debt’s share in the GDP would decline in the next few years.

He said that the Ministry of Finance had forwarded the proposed budget for next year to all budget beneficiaries and that their remarks on the budget are expected to arrive in the following days. Vujovic also said that he expected the draft budget to reach Serbia’s Parliament at the end of November.

(Beta, 17.11.2016)

http://beta.rs/en/46267-vujovic-next-years-budget-moderately-developmental

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