The reforms and projects underway have led to a 5.7 pct growth of investment activity, which will be one of the main generators of economic growth in 2017, Serbian Finance Minister Dusan Vujovic said Monday.
“Everybody is acknowledging now that the real growth rate for next year is 3 pct, which is 0.8 pct higher than the initial 2.2 pct projection,” Vujovic said in the Serbian parliament.
Investments will account for 1.2 pct of the total, net export growth for 0.6 pct and increased spending for 1.2 pct, he said.
The gradual emergence of spending as an element of higher economic growth is very significant, he said.
Earlier on, everyone expected a 2.8 pct deficit in 2017, while now the general government deficit is down to 1.7 pct, including the planned salary increases and the increase of investment activity and capital expenditure, he said.
