Jorgovanka Tabakovic highlighted indicators that confirm the country’s financial stability.
Tabakovic said the level of problem loans was reduced to 4.1 percent in December 2019, down about 80 percent from a period of only about four years ago.
The governor stressed that the dinar savings increased by 30 percent in 2019 and amounted to 666 million euros at the end of 2019, while now it stands at 690 million euros.
“This year, we will pay 70 percent of our business revenues into the budget, which means more funds for new investments and employment growth”, Tabakovic said.
The governor stressed that the NBS will continue to preserve the stability of the country’s financial system.
“This obliges us in the NBS to continue to work impartially in the future, for the benefit of all citizens of Serbia, regardless of whether they are consumers, employers, savers or investors. We will do this by providing stability, because it is a key point where everyone’s interests are met, like Andric’s bridges”.
Tabakovic also says that there is little talk about inflation in Serbia, but that it is easier to plan and operate.
She emphasized that she could promise that NBS would not change the direction or pace of work, continue to be the guardian of stability, act proactively and be one of the leaders in innovation.
She noted that today it is being discussed whether Serbia will grow at a rate of four, five or six percent, while, at the same time, there is a consensus that growth will certainly be dynamic and driven by investments, exports and consumption.
“An important prerequisite for such a pace and structure is the preservation of overall stability – monetary, financial, fiscal, political. And here I would like to mention Aleksandar Vucic, who only understood the integrity of the system of the overall economy and who pledged all his human and political capital to the future of Serbia. It was neither easy nor popular, because our economy was in big structural problems”, the governor stressed.
She noted that imports are also increasing, with about three-quarters of imports rising since the beginning of the investment cycle related to the growth of imports of reproductive and labor resources, RTS reports.
