Analysis 16 Nov 16

Serbia Warned Against Euphoria Over Fiscal Results

Belgrade has won praise from the IMF for cutting the budget deficit - but the job of fiscal consolidation is far from over and big wage and pension hikes are still risky.

Milos Damnjanovic
BIRN
Belgrade
James Roaf, head of the IMF mission for Serbia [left], with Serbian Minister of Finance Dusan Vujovic and the governor of National Bank, Jorgovanka Tabakovic. Photo: Beta

In spite of another positive assessment of Serbia’s efforts at fiscal consolidation by the IMF mission, which recently visited Belgrade, experts and Serbia’s own Fiscal Council warn against premature euphoria.

They say the time for fiscal consolidation is not yet over and Serbia should be cautious about increasing spending, following announcements on October 30 that pensions and salaries in the public sector will go up.

While praising what Serbia has achieved, they say the problem of costly public companies whose big debts are currently covered from the budget remains to be addressed.

Subscribe to Balkan Insight Premium to read the full article.

Please login to your account below if you are already a Premium Subscriber.

Buy Premium Subscription

Our Premium Service gives you full access to all content published on BalkanInsight.com, including analyses, investigations, comments, interviews and more. Choose your subscription today and get unparalleled in-depth coverage of the Western Balkans.

Buy Premium Subscription

If you have trouble logging in or any other questions regarding you account, please contact us

Talk about it!

blog comments powered by Disqus

Premium Selection

local-chiefs-financial-abuses-blight-montenegrin-costal-town-11-20-2017
21 Nov 17

Local Chiefs’ Financial Abuses Blight Montenegrin Costal Town

Investigations may be hanging over two local party leaders – but that prospect does not seem to threaten their years-long grip on power in the seaside town of Ulcinj.

ratko-mladic-genocidal-killer-or-innocent-protector--11-20-2017
21 Nov 17

Ratko Mladic: Genocidal Criminal or Innocent Protector?

During a four-year trial, the Hague Tribunal has heard powerful and strongly-contested arguments about whether Ratko Mladic is guilty of genocide and crimes against humanity or whether he simply defended Bosnia’s Serbs.

20 Nov 17

Serbia’s IMF Arrangement Ends on High Note