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)

A small favour

Since 2013, Serbian Monitor has been offering to its readers carefully selected news about the Republic of Serbia, as a daily commitment stemming from the genuine desire to offer undistorted information about a country that is too often a victim of prejudice and superficiality. From November 2016, this service is available in English and Italian with a growing number of original articles with a goal of providing a complete picture of this Balkan country's economy, politics, culture and society. Our archive is completely free of charge, available to anyone who wants to get to know the country, to study its specific aspects, or to be constantly updated about it. This project will only be able to continue with the help of readers on whom we are calling to provide a small financial support so that we can continue supplying an increasingly expanding pool of information and original contributions. If you appreciate our work, please click on the button below.

This post is also available in: Italiano

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *

scroll to top