Fiscal policy

Public debt at EUR 20.4 billion - 62.9 pct of GDP

Public debt at EUR 20.4 billion - 62.9 pct of GDP

BELGRADE -- Serbia's public debt went up by EUR 178 million in February reaching EUR 20.4 billion or 62.9 percent of the country's GDP.

This data was released by the Ministry of Finance its website.

At the end of 2013, the public debt totaled EUR 20.089 billion or 61.2 percent of the GDP.

Public debt at EUR 20.4 billion

BELGRADE - Serbia's public debt went up by EUR 178 million in February reaching EUR 20.4 billion or 62.9 percent of the country's GDP, the Ministry of Finance has released on its website.

At the end of 2013, the public debt totaled EUR 20.089 billion or 61.2 percent of the GDP, and according to the Budget System Law, Serbia's public debt is limited to 45 percent of the GDP.

Krstic: Major budget cuts a necessity

BELGRADE - An International Monetary Fund (IMF) mission will visit Serbia for talks on a new three-year arrangement with the country shortly after its new government is formed, Finance Minister Lazar Krstic has announced, adding that public debt reduction will be one of the goals of the new government, making major budget cuts a necessity.

EC Puts Italy, France on Economic Watch-List, Praises Spain

Italy and France have been placed on an economic "watch-list" by the European Commission.

High debt and deficit levels are the reason for the EC's decision to put the second and third-largest Eurozone economies among 14 nations with "imbalances", according to a report published on Wednesday and cited by EUObserver.

Vucic:Solidarity tax to remain in place even after elections

LAZAREVAC - Serbia's First Deputy Prime Minister Aleksandar Vucic said on Thursday that the solidarity tax will remain in place for all those working in the public sector.

I do not want to make any promises and say that the tax will be abolished straight after the (early parliamentary) elections, Vucic told reporters while touring the Kolubara mining basin.

Pages