Serbia’s budget deficit will be around RSD 7 billion in May, rather than the projected RSD 19 billion, while the deficit in the first five months of this year will be RSD 26 billion, rather than the RSD 90 billion planned with the International Monetary Fund (IMF), Serbian Prime Minister Aleksandar Vucic said on Thursday.
Addressing the congress of the Confederation of Autonomous Trade Unions of Serbia (SSSS), the prime minister said that, six months ago, when the government started implementing the fiscal consolidation, he was very pessimistic about the economic situation in Serbia, but that today there is light at the end of the tunnel.
“When we embarked on the fiscal consolidation measures, many people were desperate as they expected us to never get out of the crisis. But the May figures indicate that things will be better than expected. A RSD 19 billion budget deficit had been planned, but it will not exceed RSD 7 billion,” Vucic said.
That means that, on May 31, the deficit will be at RSD 26 billion, rather than the RSD 90 billion planned with the IMF.
“It is an excellent result that you and the Serbian citizens have achieved with your will, desire, diligence and patience,” Vucic said.
Source; SerbGov
