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Budget surplus came from higher revenue, lower expenditure

BELGRADE - Serbia's Minister of Finance Dusan Vujovic has said that the budget surplus recorded in January and February was based on higher revenue and lower expenditure.

Revenue went up thanks to VAT collection and excise taxes, but also because of non-tax revenue that includes dividends paid by government companies, he told Radio and Television of Serbia on Wednesday.

EBRD: Serbia "on good reforms path"

EBRD: Serbia "on good reforms path"

BELGRADE -- Serbia is on "a good path in reform implementation and has laid good foundations for long-term development."

This is what experts of the European Bank for Reconstruction and Development (EBRD) - which predicts a minimal 0.5 percent economic growth for Serbia in 2015 - said on Wednesday.

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