Fiscal Council

BELGRADE - The law on public sector rationalisation will be presented in late April, Serbia's Minister of State and Local Administration Kori Udovicki has told the Belgrade daily Blic.

The law will be adopted according to a conclusion by the government, she noted, but refused to comment on the details.

BELGRADE - Serbia registered an unusually high general state surplus of RSD 16.6 billion in January, and the Fiscal Council says that the achieved result is in line with the planned fiscal framework for this year.

KOPAONIK - The 22nd Kopaonik Business Forum kicked off Tuesday in Serbia's largest ski resort, with over 600 participants to discuss over the next three days the most significant economic problems and economic reforms in the country.

Kopaonik Business Forum starts

KOPAONIK -- The 22nd Kopaonik Business Forum kicked off Tuesday in Serbia's largest ski resort, with over 600 participants taking part over the next three days.

According to announcements, they will be discussing "the most significant economic problems and economic reforms in the country."

BELGRADE - Serbia is looking at an ambitious deficit reduction plan and a reform package that would not be possible without the International Monetary Fund (IMF), said Fiscal Council President Pavle Petrovic.

BELGRADE - Serbia is looking at an ambitious deficit reduction plan and a reform package that would not be possible without the International Monetary Fund (IMF), said Fiscal Council President Pavle Petrovic.

BELGRADE - The best anti-recession measure available to Serbia right now is an increase of public investments which should increase from 3 to 3.5 percent of the GDP this year, the Fiscal Council (FC) released.

There is enough money to achieve this, and there are also projects which can be realised to this end, states the Council in the latest analysis.

"Austerity measures will be necessary in 2018 as well"

BELGRADE -- The Fiscal Council - an an independent state organ that reports to parliament - says the three-year plan adopted by the government was "good in principle."

BELGRADE - The Fiscal Council released on Wednesday that the three-year plan adopted by the Serbian government is good in principle, adding that nevertheless the austerity measures will be needed in 2018 as well, given that the current plan will not ensure reduction of the public debt by the end of 2017, and this was the measures' objective.

"General government debt 72.2 pct of GDP"

BELGRADE -- The Fiscal Council said in the December 2014 report that last year, the general government debt went up EUR 2.5 billion to EUR 23.2 billion (72.2pct of GDP).

The Fiscal Council - an independent state organ that reports to parliament - stated that changes in foreign exchange rates had contributed to such an increase in debt.