Minister of Finance and Economy Mladjan Dinkic announced that one of the government’s most important tasks in economic respect will be to formulate measures to improve the economy’s liquidity together with the National Council for Economic Recovery and business associations.
At a gathering on the occasion of the ten years of the Foreign Investors Council (FIC) and presentation of the White Paper 2012, Dinkic said that the government will reform the process of issuing construction permits by amending a series of laws to enable a reduction in red tape and speed up construction.
The government will continue working on the introduction of electronic administration by making a complete shift to electronic tax applications over the next 18 months, and the same will be done in terms of submission of annual statements.
The Minister announced that work on strengthening the banking system will continue, noting that when it comes to certain banks with state capital, stabilisation measures will be implemented.
Dinkic added that the government is currently working on a bill on taxes and fees to specify which taxes and fees will not be collected with regard to the client’s capacity, but as absolute amounts.
Dinkic said that the Serbian government is contemplating the sale of five-year Euro bond to the amount of around $500 million.
The sale of these securities would be realised within the next month if the conditions in the financial market are favourable, the Minister announced, noting that the money from the sale of the Euro bond is intended for the 2013 budget.
At this moment conditions on the financial market are favourable and the price of Serbia’s debt securities is falling, he said and underlined that the sale of Euro bond would have an impact on Serbia’s public debt.
Dinkic explained that the middle-term plan of financial consolidation envisages the stopping of growth of public debt and its reduction.
Source Serbia Gov.
