Serbia is an economic star at the moment, the Financial Times wrote in FDI Intelligence magazine, and it is good to write about it, Sinisa Mali said today.
Inflation is stable in Serbia, the exchange rate is not changing, and the topic is how much wages and pensions will rise, because it is known that they will grow, said Mali, adding that we are entering rates of high economic growth.
The Minister of Finance, visiting TV Pink, said that in order to grow the economy as fast as possible, the project Serbia 2020-2025 is crucial and Serbia wants to go to GDP growth rates of five to seven percent.
“The estimates are that it is possible, and ours is to be smart because it is up to us to implement it”, the finance minister said.
Commenting on the article in the Financial Times, Mali said that people abroad have a more objective view of the situation in Serbia and that there is no country in the world that has changed its perspective in such a short time.
“We’re not happy, this is just the beginning because we want even better and more. The Financial Times gave us the award last year because we attracted 3.4 billion euros foreign investments in 2018, and in 2019 we attracted 3.8 billion foreign investments “, said Mali, adding that we are attractive and everyone wants to come.
In order to attract investment, he said, opportunities must be stable, finances taken care of and infrastructure invested, which is what Serbia is doing.
“These are the results of a serious economic policy that we are dealing with 6-7 years back and we want to continue that way”, Mali said, announcing that it will continue to reduce the burden on earnings.
He also said that investments in digitization, dual education, infrastructure, energy and transport will continue.
“There is no standing, we have to get better faster, we have no other perspective because if we stop, others will threaten us, and in this hurry we overtake others”, the minister said.
He stated that public debt in Serbia is completely stabilized and is now below 50 percent of GDP.
“We have no problem and the receipts also come from the international financial market where we have signed an agreement with Euroclear”, said Mali.
He added that Serbia’s bonds sell better and never at a lower interest rate.
“We sold the bonds for 20 years and so we were lent money for 20 years and that never happened”, he said, adding that this is proof that he has confidence in our state and economy.
He said that Serbian products that are more competitive in brand, price, quality as soon as the taxes fall, will quickly find their place in the Kosovo market.
“It won’t be easy, but it depends on us how much more competitive and better we are than others, and I’m sure we are, and it won’t take long for our products to return to the shelves there, only if fees are abolished”, he said.
He added that the economy removes barriers and that taxes are anti-civilization because the economic position of citizens is important in the 21st century.
“It only progresses if the economy is more competitive, so it is invested in citizens, not by introducing taxes”, Mali said. He recalled that there are estimates by the European Commission, which is the European government, that the Serbian economy is the engine of regional development, B92 reports.