Vlada republike SrbijeGovernment of the Republic of Serbia

Jezici

Ten austerity measures to reduce budget deficit

Published 21.09.2014.

Vlada Republike Srbije - logoThe Minister of Finance in the Government of the Republic of Serbia, Dušan Vujović stated on 21 September that decrease of wages and pensions was one of the ten austerity measures to be implemented immediately with a view to reducing the budget deficit. In addition to the serious plan for increasing revenues, the budget deficit in 2015 is expected to be reduced by approximately EUR 728 million at annual level and by more than EUR 1 billion in 2016. The package of austerity measures will also include a decision on freeze of wages in the public sector and pensions until further notice, the minister confirmed. Vujović confirmed the effectiveness of the ban on new employment in the public sector, the measure which came into effect early this year.

According to him, the sizeable savings are also expected from refinancing the current, less than favourable loans that Serbia has taken, which would reduce the expenditures of the state by as much as EU 2 billion.

In adittion to these measures, the Government plan is also based on a more substantive influx of budget revenues by increasing the scope of collection instead of increasing taxes and with a view to increasing tax revenues, the minister stressed.  – There are no areas that we will be granting ineffective subsidies for. The plan is to change the attitude to subsidies entirely, approximating it to that prevailing in the EU countries, Vujović concluded.

Source: www.srbija.gov.rs

Comments

 
0

 Share

Leave a Comment

Leave a comment


Name


e-mail


website


Related news

13.12.2021.

Online Social Inclusion Course Presented

Kurs o socijalnom uključivanju - logo

The Social Inclusion and Poverty Reduction Unit of the Government of the Republic of Serbia (SIPRU) has presented the second online Social Inclusion Course…

 
0 Comments

Social Inclusion Newsletter

Social Inclusion Newsletter Archive

Featured > <

Blog > <

Documents > <

Status of Vulnerable Groups in the Process of Accession of the Republic of Serbia to the European Union – Status of LGBTI Persons
November, 2021 arrow right pdf [271 KB]
Status of Vulnerable Groups in the Process of Accession of the Republic of Serbia to the European Union – Status of Women and Gender Equality
November, 2021 arrow right pdf [748 KB]
Gender Equality Index for the Republic of Serbia 2021
October, 2021 arrow right pdf [9 MB]
Status of Vulnerable Groups in the Process of Accession of the Republic of Serbia to the European Union – Status of Persons with Disabilities
October, 2021 arrow right pdf [245 KB]
Status of Vulnerable Groups in the Process of Accession of the Republic of Serbia to the European Union – Status of Roma
September, 2021 arrow right pdf [209 KB]
Employment Strategy of the Republic of Serbia 2021-2026
August, 2021 arrow right pdf [6 MB]
Action Plan 2021-2023 for the Implementation of the Employment Strategy of the Republic of Serbia 2021-2026
August, 2021 arrow right pdf [10 MB]
ITU Study on the Assessment of Digital Accessibility Policies in Serbia
June, 2021 arrow right pdf [3 MB]
Effects of the targeted one-off financial assistance on trends related to the poverty and inequality indicators
May, 2021 arrow right pdf [232 KB] arrow right doc [159 KB]
E2E: Social Innovations – People-Centred Public Policies
April, 2021 arrow right pdf [2 MB]